LHV Pank, in cooperation with the Tax and Customs Board, was the first to launch an Entrepreneur Account on the Estonian market, simplifying the payment of taxes and reporting for private persons engaged in entrepreneurship.
Airbnb and the Estonian Tax and Customs Board (ETCB) today signed an agreement that will make it easier for hosts on Airbnb in Estonia to report their income tax. Under the agreement, Airbnb will allow hosts to voluntarily report their earnings via Airbnb to the tax authorities, which will subsequently add the income to the host’s yearly tax returns.
The Tax and Customs Board (TCB) and the Estonian Banking Association agreed to automate requests for data on the official information of private persons’ wages submitted to the Tax and Customs Board, which will be taken into account by banks when granting a loan. In future, loan applicants can provide the information of their official wages in the internet bank when filling out their loan application.
Today the Estonian Tax and Customs Board received the last unit of the five units of X-ray equipment from the Chinese technological company Nuctech, an X-ray equipment installed at Narva Railway Border Crossing Point. New equipment enables to examine the inward goods to Estonia significantly faster than so far and to detect illicit goods more efficiently.
Under the Estonian Presidency the Council of the European Union has adopted conclusions on the fight against cigarette smuggling and illegal tobacco products. The Customs Cooperation Action Plan of the European Union has also been approved, giving high priority to combatting excise fraud, primarily the production of illicit cigarettes and illegal handling of mineral oils.
The contracts involve the first phase of development where the structure of the online system will go through a comprehensive overhaul and the user experience of the online services will be improved by 2019.
From this October, ETCB is providing on its E-Tax/E-Customs portal the new service of aggregate tax behaviour ratings, which provide business operators with an overview of the state of their tax matters.
On the 5th of October tax and IT specialists will be gathering at the conference „SmartEST Taxation“ in Tallinn to discuss the next-generation smart and secure e-services and how tax data collected can be reflected back to businesses.