Reporting taxes for your Lightyear Investeerimiskonto is simple – you can send your investment tax information to EMTA (Estonian Tax and Customs Board) by following the tax reporting flow in your Lightyear account. While we can help guide you through this report, we can’t offer tax advice. For that, please consult with a dedicated tax professional.
What’s the difference between the Investeerimiskonto system and the regular system, and declaring taxes within both?
- Investing through an investment account (Investeerimiskonto) is tax efficient, as it allows you to defer income tax liability for any investments bought and sold with the money deposited in an investment account. This means you can buy and sell investments, receive dividend income, and reinvest proceeds – with tax liability deferred until the time you take more money out from the investment account than you have put in.
- In the regular system, tax liability arises on every profitable transaction, meaning you also need to declare every transaction. For investment accounts, specific transactions don’t need to be declared. Rather, tax liability arises when the amount of money paid out of your investment accounts exceeds the money paid in. This is calculated by combining payments to and from all your investment accounts.
How to report Investeerimiskonto data to the tax authority
From the 2025 tax season onwards, forwarding your investment income data from Lightyear to EMTA is automated – you can start a generation of a tax report, which is based on your activity throughout the year. Then you simply review and confirm it, and send the data to your final declaration in EMTA’s portal. You can find our guide for the flow here: Declaring your 2025 Lightyear Investeerimiskonto.
Where can I find the option to create my report?
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.
- 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
Do I need to declare taxes if I didn’t make any investments?
Yes! 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 In this case, if you haven’t deposited or withdrawn money, nor purchased or sold assets, you’ll have to tick the relevant box in Table 6.5 part I.
What happens if I changed my account type to Investeerimiskonto within the 2025 tax year?
The report you'll get is based on the account type you're using when entering the tax reporting flow. This means that if you are creating the report while your account is a Lightyear Investeerimiskonto, you'll report transactions for the whole tax year within the Investeerimiskonto system. If at the time of reporting, you're using the regular Lightyear account, all of the 2025 tax information will be reported within the regular account system.
How does the report flow on Lightyear work
- First, we'll ask you to mark the investment accounts you’ve made payments from or to in 2025
- Then you'll need to review the transactions within your Investeerimiskonto
- Finally, you'll need to confirm the information in the report preview and send it off
Please see our full guide for the report flow here: Declaring your 2025 Lightyear Investeerimiskonto.