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Estonia missing out on €145 million in VAT from international e-shops

According to the analysis by Tallinn-based Sorainen business law firm, Estonia is missing out on an average of EUR 145 million in VAT a year from foreign online shops that fail to pay the tax in the country; the experts behind the analysis recommend the Estonian government to pass immediate legal amendments to tackle the enormous tax loss. ....

Estonian Bank , Estonian Association , Tallinn Based Sorainen , Estoniane Commerce , Estonian Tax , Customs Board , Estonian Bank Act ,

Estonia missing out on €145 million in VAT from foreign e-shops

Estonia is missing out on €145 million in VAT from foreign online shops every year. This is caused by insufficient legislation that, among other things, does not obligate the Tax and Customs Board (MTA) to compare foreign e-shops' declared VAT info to that of the Bank of Estonia. ....

Aivar Kokk , Estonian Association , Riigikogu Finance Committee , Estoniane Commerce , Customs Board , Tax And Customs Board , Allar Jõks , E Commerce , Online Shops ,