Proposal designed to thwart tax cheats
Sep 23, 1999
By Kairi Kurm
TALLINN - Keeping a company car will become more costly on Jan. 1 if a bill proposed by the Finance Ministry becomes law.The ministry wants to tax those who lease corporate cars at 18 percent. Currently, those who lease a car for a given period only pay the 18 percent tax if they opt to buy when their lease runs out. But in this case, they pay tax on a car whose value has depreciated.Those who buy and then finance a car pay the full 18 percent tax up front on the sticker price of the new car.The ...
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