Beneficial owners – Estonia (CEU)

The following types of beneficial owner are recognised for tax purposes in Estonia.

Government bonds, corporate bonds, commercial paper and municipal bonds
Beneficial owner	Tax rate
All (No withholding tax is deducted on interest from Estonian debt securities held in Clearstream Europe)	0%

Equities
Beneficial owner	Tax Rate
Non-resident legal entity	0%
Non-resident individual of a DTT country	DTT
Estonian resident legal entity (until the recipient makes a distribution of profits)	0%

Investment funds
Beneficial owner	Tax Rate
Non-resident legal entity	0%
Non-resident individual of a DTT country	DTT
Estonian resident legal entity (until the recipient makes a distribution of profits)	0%