Södra Eesti faces VAT fraud investigation
Oct 06, 2008. /Lesprom.com/. Estonian logging company Södra Eesti is being investigated for the incorrect management of VAT in relation to timber sales. Södra Eesti’s involvement amounts to some SEK 7 million ($1 million) in VAT and other taxes that are under question.
Oct 06, 2008. /Lesprom.com/. Public prosecution authorities in Estonia are conducting an investigation into logging company Södra Eesti for incorrect management of VAT in conjunction with timber sales, Södra said. Södra Eesti’s involvement amounts to some SEK 7 million ($1 million) in VAT and other taxes that are under question.
Södra Eesti has closed the timber terminal involved and suspended the employees under investigation.
Södra Eesti is 51% owned by Södra and 49% by SCA Skog. The owner company has commenced an internal investigation and is cooperating fully with Estonian public prosecution authorities.