The revenue from value-added tax (VAT) to the Estonian state budget has significantly increased due to high inflation, however, the amount of violations has doubled simultaneously.
In the first seven months of this year, the Tax and Customs Board inspected and advised 5,000 companies. As a result, the originally declared VAT obligation of these companies was increased by 35.8 million euros. This is twice as much compared to the same period last year and six million euros more than during the entire last year.
Source: news.postimees.ee
Latest Posts in "Estonia"
- 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
- Estonian Parliament Approves EC Sales List and VAT Return Consolidation Starting January 2027
- Uncertainty Surrounds Effectiveness of VAT Reduction on Food Prices in Estonia