Venipak, which is building up a network of parcel machines in Estonia, joined the E-commerce Association
The international logistics company Venipak is a new member of the Estonian E-commerce Association. A...
Source: baltictimes.com
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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.
Source: estonianworld.com
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.
Source: news.err.ee
Number of Estonian e-shops grows to 7,700 during pandemic
There are currently 7,700 e-shops in Estonia, with the number having increased by around 1,700 during the pandemic.
Source: news.err.ee
Omniva: affected by the decrease and absence of international trade due to the war
The Omniva Group’s turnover and profit for the first three months of this year fell short of expectations.
Source: postandparcel.info