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Rolan Jankelevitš gave presentation on changes in taxation

26.11.2010

TARK GRUNTE SUTKIENE senior associate Rolan Jankelevitš gave a presentation at the conference “In a Whirlwind of Change 2010 to 2011” held on 24 November, Tallinn, Estonia. Rolan spoke on changes in the tax treatment of gains on financial assets to be introduced from 2011.

Rolan Jankelevitš gave a comprehensive overview of amendments to the Income Tax Act adopted by Estonian Parliament on 3 June 2010. According to the amendments entering into force in 2011, individuals will be able to defer the payment of tax on gains on financial assets through an investment account system until the gains are taken into use. The advantages and disadvantages of an investment account, alternatives for the deferral of taxation of financial income as well as other amendments introduced by the same Act (setting limits on the tax exemption for interest and abolishing the tax exemption for unit-linked life insurance) were discussed at the conference.

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