töödeldavamaks

Töödeldavamaks, also known as the income tax, is a mandatory tax levied by the Estonian government on the income of individuals and legal entities. It is one of the primary sources of revenue for the Estonian state budget. The tax is progressive, meaning that the tax rate increases with the amount of income earned. As of the latest updates, the income tax rates range from 20% for income up to 12,000 euros, to 20% for income between 12,001 and 25,000 euros, and 22% for income above 25,000 euros.

The income tax is calculated based on the annual income of the taxpayer, which includes salaries, wages, pensions, and other forms of income. The tax is typically deducted from the taxpayer's income at the source, such as from an employer's salary payment. Taxpayers are required to file an annual income tax return to declare their income and any applicable deductions or credits. The deadline for filing the income tax return is usually in April of the following year.

In addition to the income tax, Estonian residents may also be subject to other taxes, such as the property tax, value-added tax (VAT), and social security contributions. The income tax system in Estonia is designed to ensure fairness and equity, with provisions for tax credits and deductions to support low- and middle-income taxpayers. The Estonian tax authorities are responsible for administering the income tax system and ensuring compliance with tax laws and regulations.