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.
The planned amendment to remedy the situation would also include adopting a corresponding EU directive. The latter providers that e-commerce data should be freely available to concerned parties from January 1, 2024. Kokk said the bill is in the works and could be passed before the year is out.
Source: news.err.ee
Latest Posts in "Estonia"
- July Sees 28 Million Euro VAT Revenue Boost, 161 Million Euro Increase Year-to-Date
- Estonia Urged to Reduce VAT on Food to Potentially Lower Consumer Prices
- Jana Guzanova Submits Petition to Lower Food VAT to Riigikogu with 98,000 Signatures
- eInvoicing in Estonia
- VAT Petition Not a Political Strategy, Says Food Blogger and Center Party Candidate
