Estonia could have the most efficient tax return system in the world

Tallinn Estonia

Wikimedia Commons

It’s true.

It turns out to be a reason why Estonia The only feel-good story in the eurozone crisis was that the tax return system is shockingly efficient.

The system, introduced in 2000, enables electronic filing of income taxes, business taxes and excise taxes.

With a secure ID, a filer simply fills out ready-made forms and approves the document with a digital signature.

The process takes time five minutes on average, and last year 94% of tax returns were submitted electronically.

The system is part of the country’s impressive e-government initiative, which enables Estonians to do everything from voting to filling out prescriptions to checking school grades online.

Estonians start filing their taxes on Wednesday.

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