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23/09/20

The income tax return for 2020 must be submitted in an updated form

The IFTS finalized the declaration form, its format and the procedure for filling it out.


22/09/20

The government has prepared a project according to which the annual income is more than 5 million rubles. you need to pay personal income tax at a rate of 15%.

It is planned that the new rules will need to be applied starting with revenues generated in 2021.


20/09/20

The minimum wage for 2021 became known

The Ministry of Labor has established a living wage for the working-age population for the II quarter of 2020. It is equal to 12 392 rubles.


Estonia Will Produce its Own Petrol

The national energy company Eesti Energia intends to start production of petrol made from oil shale, deposit of which is located in the east of the country.

Eesti Energia currently produces oil from the shale, so more expensive petrol will be produced there.

“Today we use the gas that is released during the production of oil shale in order to produce electricity, but in the future, we will first educe most valuable part from the gas, from which we will produce shale naphtha”, said Margus Vals, Member of the Board of Eesti Energia.

According to him, the company expects to increase specific weight of shale naphtha within the range of produced products as the most valuable product of oil shale, as well as to increase production of the overall volume of types of liquid fuel by about 10%.

Eesti Energia plans to begin production of its petrol in 2019.


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