Tulumaksuna

Tulumaksuna is a term originating from Estonian, literally translating to "income tax". It refers to the tax levied by the Estonian government on the income of individuals and corporations. This tax is a significant source of revenue for the state, funding public services and infrastructure.

In Estonia, the income tax system is characterized by a flat rate. This means that all individuals and companies pay the same percentage of their taxable income, regardless of how much they earn. This simplifies the tax system and is a key feature of Estonia's economic policy. The flat tax rate is applied to various forms of income, including wages, business profits, and capital gains.

The administration of tulumaksuna is managed by the Estonian Tax and Customs Board. They are responsible for collecting the tax, enforcing tax laws, and providing information to taxpayers. Residents of Estonia are taxed on their worldwide income, while non-residents are generally taxed only on income earned within Estonia. There are certain deductions and exemptions available, which can reduce the taxable amount for individuals and businesses. The specifics of these are subject to Estonian tax legislation.