This guide outlines all the (very few) steps you need to go through for Investeerimiskonto tax reporting.
You’ll find the report flow:
- On web: tap on your profile image in the top right corner -> settings -> tax reporting
- On mobile: tap on your profile image in the top left corner -> tap on the three dots next to ‘Investeerimiskonto’ -> tax reporting
We recommend going through this flow in our web platform, as the big screen makes it a lot easier to look over all the information and data included in the report.
Remember that you have to declare your investment account even if you haven’t made any investments in 2025. In this case, if you haven’t deposited or withdrawn money, nor purchased or sold assets, you’ll have to tick the relevant box in Table 6.5 part I.
Mark the investment accounts you’ve made payments from or to in 2025
First, we ask you which of the accounts that you’ve used to deposit money from, or withdrawn money to, you use as investment accounts.
- If Lightyear is your only investment account, you won’t need to do anything here
- If you’ve used your everyday current account for payments to or from your Lightyear Investeerimiskonto, you don’t need to mark those accounts here
Money movements (deposits and withdrawals) between different investment accounts are not declared. In your final declaration, EMTA determines your tax liability by combining all deposits and withdrawals from and to all your investment accounts.
That means you shouldn’t declare deposits into your Lightyear investment account from another investment account, nor withdrawals from your Lightyear investment account to another investment account.
By letting us know which other accounts you’ll report as investment accounts for 2025, we can filter out the transactions that should not be reported.
Review your transactions
In this step, you can review all reportable data points, so make sure to pay close attention. We’ve added explanations for each transaction so you could easily understand what you’ll be reporting and why.
Remember that in the investment account regime, you don’t report buy or sell transactions of financial instruments. Instead you report:
- contributions: deposits into the investment account. This includes deposits from your regular account, dividend and interest payments, or rewards (e.g. those received by referring a friend) that have already been taxed before being received into your Lightyear investment account.
- withdrawals: money withdrawn from the investment account and taken into consumption outside of investment activity. This only includes withdrawals to your regular account.
Meaning, already taxed dividends, interest, and other similar payments to your investment account count towards contributions, and increase the total amount you can eventually withdraw without tax liability.
Any gains you’ve made from selling financial instruments or from receiving dividends or interest where tax has not been withheld (for example MMF interest or ETF dividends), are not reported in the investment account regime (table 6.5 part II). Instead, they’re considered gains that will be taxed once you withdraw more money from your investment account than you have paid in.
Review transactions
Here we show you the contributions and withdrawals we believe should be declared to EMTA. This step allows you to untick transactions you don’t think are necessary to report.
For all transactions listed, we’ve included the reason we think these should be declared under the info button next to the payment. Make sure to go through all these transactions and reasons for their inclusion to help us create a correct report for you.
Confirmed transactions
In this section, we’ve included the contributions we confidently know have already been taxed and need to be declared to avoid double taxation. For this reason, these transactions can’t be unticked.
Make sure to pay extra attention to dividends from US-listed ADR companies. While dividends from these companies have already been taxed, we don’t receive the tax withholding rate information, meaning we can’t forward data on these dividends automatically. If you hold US ADRs that have paid dividends in the past tax year, you’ll need to confirm the correct tax withholding rate with the issuer and declare these dividends manually.
If you’ve invested in any Estonian instruments, you’ll notice that in your declaration form in EMTA, Tables 5.1 and 7.1 already include pre-filled data about dividends and interest. That’s because local issuers also forward information to EMTA about taxed interest and dividends.
If you earned interest on uninvested cash with Lightyear, these payments have not been taxed by us throughout 2025. If you’ve switched between a regular and investment account throughout the year, we have withheld tax in the months you used Lightyear as a regular account. Either way, this information will be automatically forwarded to the correct fields in EMTA.
Tax report preview
In this step you’ll see the final report with the data that can be sent to EMTA’s portal.
The tables you see in this step will depend on your investment activity with Lightyear, as that determines which fields will be filled in your tax declaration. The tables outlined below are all the ones that might need attention from Lightyear users.
And that’s it – by clicking ‘Send to EMTA’, we’ll automatically send the information over into your master declaration. Make sure to double check whether all the data appears correctly in EMTA’s portal before submitting your declaration.
**All tables relevant for Lightyear investment account users: **
Depending on your investment activity with Lightyear, these are all the tables in your personal income tax declaration in EMTA which might show relevant information for you or need to be filled to keep your report correct.
| Table | Content |
| 5.1 | Taxed interest earned in Estonia. Pre-filled in EMTA with taxed bond interest payments. If for a part of 2025 you used Lightyear as a regular account, interest on uninvested cash will show up here. |
| 6.1 | Estonian instrument sales. As these are automatically pre-filled in EMTA by NasdaqCSD and are not reportable if made with an investment account, you might have to delete these rows from Table 6.1. For users who need to do so, we outline it in their tax report. |
| 6.5 | Main table for all investment account information. Part I — Lightyear information Part II — all payments in and out of your Lightyear investment account which we show you in the Lightyear tax report. Table 6.5 also duplicates information from pre-filled tables:
|
| 7.1 | Taxed dividends earned in Estonia. Pre-filled in EMTA by issuers who make the distributions. |
| 8.1 | Taxed interest earned outside Estonia. For Lightyear users, this means Latvian and Lithuanian bonds’ interest payments. |
| 8.2 | Foreign instrument sales. As Latvian and Lithuanian instrument sales are automatically pre-filled in EMTA by NasdaqCSD and are not reportable if made with an investment account, you might have to delete these rows from Table 8.2. For users who need to do so, we outline it in their tax report. |
| 8.8 | Taxed dividends earned outside Estonia, for example US, European and UK stocks’ dividends. |
For Tables 6.1 and 8.2, you might have to delete rows of sell transactions with Baltic instruments. This is because NasdaqCSD, the central securities depository for Estonian, Latvian and Lithuanian instruments, also sends information directly to EMTA. You’ll only need to remove the information if you hold an individual (owner) account in NasdaqCSD. Since they have no way of knowing whether you used an investment account to make the transactions, you should delete those from EMTA’s declaration, because in the investment account regime, transactions with financial instruments are not reported at all.
If you’ve made instruments transfers into Lightyear, please refer to our FAQ for information on what and how needs to be declared.
As always, let us know if you have any questions
Team Lightyear