Eesti referaat
Estonia has the right to the emission of money. The foundations fot the
Estonian financial system were laid in 1992. the aim of banks is not only
keeping money, but also giving loans. They are directly interested in the good
work and profit of enterprises.
The Estonian Tax System is made up of the following:
Social Tax: 33% paid on gross income from employment. 20% of the money
goes into the Social Security Fund which finances state pensions and social
welfare. This tax is not detucted from wages/salaries, but paid by the
employer.
Personal Income Tax: 22% paid on earned income (except for tax free
minimum) by all people, it is called proportional income tax and is equal for
people with different income.
Value Added Tax: 18%, one of the government's main sources of income,
paid by people when they buy any goods. It is not noticiable because prices
already include it.
Excise Duties: imposed on alcohol, tobacco, petrol etc. to limit the use of
these goods.
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