Estonian authorities have released a Bahamian-flagged container ship stopped earlier on suspicion of drug smuggling, ERR reports. The Estonian Tax and Customs Board (EMTA) found no narcotics on board the vessel, Baltic Spirit, which was en route from Puerto Bolívar in Ecuador to Saint Petersburg in Russia. Estonian authorities boarded and detained the ship based…
Estonian authorities have boarded and detained a Bahamian-flagged container ship suspected of smuggling, the Estonian Tax and Customs Board (EMTA) announced, ERR reports. Officials stopped the vessel, Baltic Spirit, off the island of Naissaar in Estonia’s internal waters. The ship, with an all-Russian crew, was en route from Ecuador to Saint Petersburg in Russia. The vessel…
Estonia’s Interior Ministry needs EUR 40mn to complete the deployment of infrastructure on the country’s border with Russia by the end of 2025, Interior Minister Lauri Läänemets estimated, ERR reports. He said that the infrastructure included fencing, technological equipment, access roads, and communication systems. The overall cost could rise to EUR 100mn if the government…
The Estonian Tax and Customs Board (EMTA) collected EUR 6.12bn in taxes in the first half of 2023, which was 4.8% more than in the same period of 2022, ERR reports. State budget revenue amounted to 47.4% of the annual budget target. Social tax revenue rose by 12.2%, personal income tax revenue by 11.7%, and…
The amount of VAT violations in Estonia doubled in the first seven months of 2023, according to the Estonian Tax and Customs Board (EMTA), BNS reports. EMTA inspected and advised 5,000 companies over the period, resulting in increased VAT obligations of EUR 35.8mn, which is twice as much as a year earlier and EUR 6mn…
The advertising revenues generated by multinational digital corporations like Facebook (Meta) and Google (Alphabet) in Estonia are unknown and untaxed, ERR reports. Karin Ulvik, media specialist at the Estonian Tax and Customs Board (EMTA), said that tax authorities had “no aggregated information on such a narrowly defined group of companies.” Collecting such data would require…
Following the imposition of sanctions on Russian timber, Estonia has seen a surge in heavy timber imports from unexpected countries, where forests are assumed to be scarce, Postimees reports. Henrik Välja, CEO of the Estonian Forest and Wood Industries Association (EMPL), said that Russian timber continued to flow into Estonia through an illegal scheme whereby…