As of 1 May an amount of cash of a value exceeding EUR 10 000 carried by any person entering or leaving the European Union shall be also declared when for transportation of cash the transport services are used. Up to that time the obligation to declare was imposed only on natural persons crossing the border.
Any natural person entering or leaving the Community and carrying cash of a value of EUR 10 000 or more is still obligated to lodge a cash declaration. This obligation is established by the Regulation (EC) No1889/2005 of the European Parliament and of the Council on controls of cash entering or leaving the Community as of 15 June 2007.
As of 1 May 2010, upon entry into force of section 48¹ of the Taxation Act and the Regulation No 24 of the Minister of Finance of 31 March 2010 “Procedure of cash declaration, cash declaration form and instruction for completing thereof” (RTL 2010, 18, 320) lay down an obligation to declare cash also in cases when for transportation of cash the transport services are used. In such case consignees of cash shall lodge the cash declaration on import and consignors shall lodge the cash declaration on export.
Consequently, both natural persons and legal persons entering or leaving the Community with an amount of cash of a value EUR 10 000 or more are obligated to declare cash.
Cash subject to declaration means:
- banknotes and coins circulating as instruments of payment;
- cheques, including traveller’s cheques;
- promissory notes;
- money orders;
Declaration forms are available on the website of the Estonian Tax and Customs Board. For completing a forms it should be printed and filled in, or to be completed right on the screen and subsequently printed. The forms may also be obtained from the customs officials at performing the customs formalities.
SOurce: Estonian Tax and Customes Board