Income tax return data

When you use an investment account, you must give the Estonian Tax and Customs Board an annual overview of the amounts you have transferred to and withdrawn from the account during the calendar year. For this purpose, it is most sensible to use the investment account report.

Important! Please send information about what happened on your account to the Estonian Tax and Customs Board even if you have not made any transactions or transfers.

In addition, please report the dividends received: clauses 5.1 and 7.1 are filled in automatically in the income tax return, and information about foreign dividends must be entered manually in clauses 8.1 and 8.8.

Please declare all cash deposits and withdrawals in the investment account report. If withdrawals exceed contributions, pay the income tax of 20% on the excess amount.

In the report, reflect all the amounts that you have transferred to or withdrawn from the account during the past calendar year. Therefore, if you fill in the investment account report in 2025, then highlight all the transactions made during 2024.

For more detailed instructions on the income tax return, see here.

When using only a securities account, you only have to declare investment income if you have transferred or sold securities or received dividends in the previous calendar year. This information is included in clauses 6.1 (income received in Estonia) and 8.2 (income received abroad) of the income tax return. In addition, please take a look at clauses 5.1, 7.1, 8.1, and 8.8 and fill them in, if necessary.

Important! If your securities account has simply been dormant for a whole year and you have not sold any securities, you have no obligation to declare.

If you have transferred (sold) securities in the previous calendar year, you must present the acquisition price and cost of the transferred securities (e.g., shares, fund units, bonds) and the transfer price and cost in the declaration. The difference between the acquisition price (plus acquisition cost) and the transfer price (minus disposal cost) is either the gain or loss on the transfer of the securities. You can find the acquisition price and other important information on the ‘My data’ page.

For more detailed instructions on declaring income, see here.

Please note that it will no longer be possible to deduct interest on housing loans and leases for 2024. On 1 January 2024, § 25 of the Income Tax Act (housing loan interest) was repealed.

It is necessary to order a certificate of interest on loans if:

• you want to make corrections to previous declarations;
• you want to submit this proof to an institution in Estonia or abroad.

You can order the certificate from the Internet Bank and the Swedbank branch in Estonian or English.

If you need to submit a paper certificate to the Estonian Tax and Customs Board concerning contributions to a third pillar pension fund or contributions to pension insurance, please let Swedbank know about your request by contacting the Swedbank Investment Support at investeerimistugi@swedbank.ee or by calling 613 1606. You can collect the certificate from a suitable Swedbank branch.