Estonia makes grab for Tax-Free shopping tourists2009-04-20
Estonia wants to cut tax-free minimum, Latvian business daily writes
The Latvian business daily Dienas Bizness writes that the Estonian Ministry of Economy has put forward a proposal to reduce the limit of minimum purchases in Tax Free shops. It is expected that this will attract an extra 45,000 tourists from Russia, helping Estonia to earn an additional EEK 120 million (EUR 7.7 million). Since January 1, the minimum amount that has to be spent in a Tax Free shop in Estonia has been EUR 127, considerably more than in neighbouring countries like Finland (EUR 40), Lithuania (EUR 58) and Latvia (EUR 42). This explains why Estonia has made the proposal to cut its minimum, to at least EUR 63.
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