The Estonian e-Residents’ International Chamber Association (EERICA) is urging the government to reconsider the proposed corporate income tax and temporary profit taxes; EERICA argues that these changes could undermine Estonia’s unique business environment, which has attracted entrepreneurs worldwide.
The group warns that the new tax measures may harm the appeal of the e-residency programme and hinder future business growth in the country.
“Temporary taxes are never temporary,” Christoph Huebner, the president of EERICA, said in a statement.
“We’ve seen it in other countries, where taxes introduced decades or even centuries ago are still in place today. The ‘temporary’ ‘solidarity surcharge’ on personal income tax imposed in 1991 to cover the cost of the reunification of Germany is still in place in 2024. The sparkling wine tax introduced in 1902 to fund the imperial navy fleet is also still in place – while the imperial navy fleet is long gone. The …