Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Finland

Finnish Customs net 2m euros in unpaid alcohol taxes from online stores

byCT Report
06/02/2017
in Finland
Share on FacebookShare on Twitter

HELSINKI: Online liquor sellers have had to fork out more than two million euros in unpaid taxes to Finnish Customs. The payout follows intense scrutiny of online alcohol sales by customs officials that began in 2016.

Finnish Customs announced Monday that it had raked in nearly two million euros in unpaid taxes from online retailers selling alcoholic beverages in Finland. Last year customs officials stepped up their monitoring of online alcohol retailers as part of a programme targeting the so-called grey economy.

You might also like

China’s travel restrictions already being felt in Finnish Lapland

03/02/2020

Stockmann issues positive profit warning, sending shares over 30% higher

23/01/2020

The online sting operation paid off for customs officials, who found that many online retailers had not paid up the required taxes on their liquor sales.

However Customs said that the two million euros it was able to recover may be just the tip of the iceberg. The agency estimated that delinquent online retailers could be cheating the state of as much as 10 million euros in unpaid taxes every year. Customs officials say that even this estimate is dated, given that the online alcohol trade has been growing rapidly.

Finnish Customs’ scrutiny of online retailers has focused mainly on large companies. The cases it investigated involved firms operating in Estonia, which have been running Finnish-language webshops that offer alcoholic beverages.

Related Stories

China’s travel restrictions already being felt in Finnish Lapland

byadmin
03/02/2020

THE TOURISM INDUSTRY in Finnish Lapland is already feeling the effects of the ban on overseas tour groups and sales...

Stockmann issues positive profit warning, sending shares over 30% higher

byadmin
23/01/2020

CLASS-B SHARES in Stockmann jumped by more than 30 per cent yesterday after a positive profit warning issued by the...

(181231) -- BRUSSELS, Dec. 31, 2018 (Xinhua) -- A citizen shows the cash of the euro in Brussels, Belgium, Dec. 28, 2018. On the eve of the euro's 20th anniversary, European Union leaders lavished praise on the common currency on Monday, calling it "one of the biggest European success stories."  On Jan. 1, 1999, 11 EU countries launched the euro and introduced a shared monetary policy under the European Central Bank. It is now the currency of 340 million Europeans in 19 EU member states. (Xinhua/Zheng Huansong)

Wages, salaries grow by 3.1% in Sept-Nov

byadmin
14/01/2020

The wages and salaries sum of the whole economy was 3.1 per cent greater in the September to November period...

cryptocurrency, finance and business concept - close up of businessman hand with virtual bitcoin symbol hologram over binary code background

Is Bitcoin still a good investment?

byadmin
23/12/2019

Booms and busts, this is what investing in Bitcoin is all about. The most popular cryptocurrency continues to shake out...

Next Post

Exports of herbs from Rukum up 12% in H1

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.