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Commentary

Penalties and interest

12 Estonia
12 Estonia | Commentary

Penalties and interest

12 Estonia | Commentary

Penalties and interest

In Estonia, the statutory limitation is generally three years from the due date of the tax return; in cases of wilful tax evasion, it is five years from the due date of the tax return.

VAT returns must be submitted monthly and there are penalties for late submission of the returns. The penalties imposed cannot exceed €1,300 in the first instance and €2,000 in the second instance.

The penalty for non-submission of the VAT return may be up to €3,200.

Interest of 0.03% per day (ie 10.95% per annum) is charged on unpaid VAT until 31 December 2021.

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