Value-Added Tax Evasion in Estonia in 2012

The Tax and Customs Board estimated that up to $282 Million (€220 Million) in Value-Added Tax (VAT) was evaded in Estonia in 2012. The amount of fraud represented 15 percent of all taxes collected by the government.

There are over 70,000 companies in Estonia that are liable to charge VAT, and the government has identified 12 percent, or 10,000 companies that have not properly paid their taxes.

In 2011, the amount of tax evaded was $296 Million (€231 Million), and $231 Million (€180 Million) in 2010.

Source:  “Value-Added Tax Evasion Estimated at €220 Million Last Year,” Estonia Public Broadcasting, March 28, 2013.