10.02.2025
The Estonian Tax and Customs Board will start accepting income tax returns for 2024 on 15 February this year. Income tax will be refunded to those submitting e-declarations from 5 March. The deadline for submitting the tax return is 30 April 2025. So, there is no need to hurry, as income can be declared until the end of April, and refunding of the income tax does not depend on the speed of submitting the tax return. Before starting, we recommend that you check the validity period of your identity document and the availability of PINs.
Once a year, natural persons who are residents of Estonia must file an income tax return on their income for the previous year. Any income received from both Estonia and a foreign country must be declared, including contractual salary, envelope salary, rental income, and income earned on investments. Read more on the website of the Estonian Tax and Customs Board.
Significant change in home loan interest
Due to the amendment of the Income Tax Act, starting from 2025, it will no longer be possible for the income tax return to deduct the interest paid on the housing loan paid in the previous year, i.e. in 2024, from taxable income.
How to declare investment income?
There are two different ways to declare investment income and we have written more about their differences on our website.
In order to send investment account data to the income tax return, either the ‘Investment Account Report‘ or the ‘Tax Report’ must be chosen in the ‘Assets and Liabilities‘ menu in the Internet Bank according to the declaration system used. They should be sent from the Internet Bank to the income tax return before submitting the tax return so that the necessary data is pre-filled. If you send a report from the Internet Bank after you have already started filling in the declaration, please follow these instructions:
Log in to the online environment of the Estonian Tax and Customs Board and proceed to your income tax return for 2024.
Click on the pencil icon next to the declaration → ‘Continue to fill in’ → ‘Correct the submitted declaration‘ → ‘Yes’ → then open the tables where you want to enter the relevant details one by one and click on the button ‘Estonian Tax and Customs Board data’ → ‘Replace data’ → ‘Confirm’.
What to pay attention to?
Although the income tax return is largely pre-filled, it is worth checking the following.
• Transactions made with Baltic securities by investment account users.
• Data on real estate sales transactions. If you have sold any property, some of the data will be automatically received from the Land Board. Please check the information, if necessary, add the property sold, and include the acquisition cost of the property, as well as the documented expenses of improvements.
• Information on training, donations, and III pillar contributions.
• For spouses, it is advisable to file a declaration first for a spouse with a lower income or more tax benefits. NOTE: From the 2024 income tax return, only the unused part of the training expenses can be transferred to the spouse.
• Do not forget your child! Children are subject to the same income tax return obligations as adults. If you have made investments (e.g. securities, crypto) in a child account, you will most likely have to file an income tax return on behalf of the child. Find out more on our website.
• If you invest your II pillar assets in the LHV pension investment account (PIA), please note that the securities income received by the PIA does not have to be declared to the Estonian Tax and Customs Board, as taxation takes place only when the pension money is withdrawn. Read more on our website.
If you need proof of interest retrospectively or to be submitted abroad, please send your email to laenutugi@lhv.ee. Issuing the certificate takes up to 3 working days and costs 10 euros.
If you have any questions concerning declaration, please contact the Estonian Tax and Customs Board:
• Phone: +372 880 0811
• Email: eraklient@emta.ee
More detailed information on the declaration of income is also available on the website of the Estonian Tax and Customs Board.
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