As of 1 January 2005 Estonia has a new income tax rate of 24% and a basic exemption of 1700 EEK per month. The new income tax rate and basic exemption are applicable to all payments made from 1 January 2005, irrespective of the period for which the payment is made. Under the previous legislation the basic exemption was 1400 EEK per month and the income tax rate was 26%.
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