The Ministry of Finance at the start of this month proposed removing the one thousand-euro transaction declaration threshold and to mandate e-invoices.
In the ministry’s estimation, doing so would improve the business environment and cut the administrative burden to both businesses and the tax authority (MTA).
However, according to the Estonian Chamber of Commerce and Industry (Eesti Kaubandus-tööstuskoda), the additional tax revenue may not outweigh the increased administrative burden, and the changes will inevitably raise businesses’ expenses on software and services.
Mait Palts, the chamber’s director, told ERR that the estimated increase in tax revenue remains speculative.
“About €2 million is expected to come from e-invoices and approximately €4 million from additional invoice declarations.
Read more: ERR.EE
