Happy New Year! 2025 is finally here, but what can we expect? ERR News outlines some of the events and changes of the coming year.
Taxes are rising
Several taxes will rise in 2025 as the government strives to reduce the deficit and increase defense spending.
The first is income tax on January 1, which rises from 20 percent to 22 percent. VAT will increase from 22 percent to 24 percent later in the year on July 1.
State fees for e-Residency and excise duties on alcohol, tobacco, and fuel will all rise this year too.
Read an overview of the tax changes here and see information about e-Residency here.
Read more: ERR.EE