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Estonia loses EUR 157.5 mln in taxes due to envelope wages in 2015
BC, Tallinn, 02.06.2016.
Print version
Print versionThe Estonian state in 2015 lost taxes worth about 157.5 million euros in 2015 as a result of undeclared cash-in-hand wages, which is 41% more than in 2014, results of a study conducted by the Institute of Economic Research show, cites LETA/BNS.
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The state last year did not get 99.44 million euros of social tax and 58.10 million euros of income tax. According to the institute, the share of envelope wages in the total sum of wages paid increased.
Of the respondents in favor of envelope wages, 70% said taxes are too high in Estonia and 67% said that corporate taxes are too high.
Like in previous years, envelope wages were paid the most in the construction sector – 33% of all cash-in-hand wage receivers worked in the construction sector.
The study was commissioned by the Ministry of Economic Affairs and Communications and it was carried out in December 2015 with 909 respondents.
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