The Estonian Chamber of Commerce and Industry has proposed an increase to the tax-free limit for compensation provided to individuals for mileage recorded in logbooks. Currently, the limit stands at 0.3 euros per kilometer for personal motor vehicle use for business purposes. The Chamber’s proposal to the Ministry of Finance argues that the existing limit does not adequately cover compensation for work-related travel, particularly due to significant recent inflation, including rising fuel costs and vehicle maintenance expenses. The proposed change would address the shortfall in tax-free compensation for personal vehicles used for work. Topics: #compensation #personal #tax Post navigation Warning! BE HEALTHY! ⟩ Take a non-alcohol break and change your life for the better!
“This change could significantly impact small businesses and freelancers who rely on this benefit.” Reply