The Estonian parliament has announced that the Act on Amendments to the Income Tax Act and Associated Acts (Amendment Act 458 SE) was approved on 19 June 2017. The law provides for three key measures: The introduction of a reduced tax rate of 14% on distributions up to the average distribution amount in the previous three years, with the excess subject to the standard 20% rate — first year to be taken into account is 2018, but will be limited as follows: Amount eligible for reduced rate in 2019 is one third of the distribution subject to tax in 2018;...