There are two systems in Estonia for reporting investment income: the Regular System (Default) and the Optional Investment Account System. Choosing the right one depends on whether you plan to withdraw or reinvest your funds.
| Feature | Regular System (Default) |
Investment Account System |
| Tax Event | Paid every year on income received. | Paid only when withdrawals exceed contributions. |
| Tax Rate | 22% (Income earned in 2025). | 22% (on withdrawn profits). |
| Reinvestment | Income is taxed before reinvesting. | Income can be reinvested tax-free. |
| Reporting | Higher complexity (multiple tables). | Lower complexity (primarily Table 6.5). |
| Best Suited For | Small amounts / no active reinvesting. | Long-term investors who reinvest, passive investors, investors looking for simpler solution. |
Important deadlines:
- Declaration: Must be submitted by 30 April of the following year.
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Payment: Any tax due must be paid by 1 October.
1. The Regular System (Default)
Under this system, you must declare all income earned during the calendar year.
Asset Type |
Income Type |
Withholding Tax (WHT) |
Tax Form Table |
| Loans (Claims) | Interest | ❌ No | Table 8.1 |
| Notes (Loans/Bonds/Real Estate) | Interest | ✅ Yes | Table 8.1 |
| Direct Bonds | Interest | ❌ No | Table 8.1 |
| Mintos bond | Interest | ✅ Yes | Table 8.1 |
| Smart Cash | Interest | ❌ No | Table 8.1 |
| Secondary Market | Capital Gain | ❌ No | Table 8.2 |
| ETFs | Dividends/Interest | ❌ No | Table 8.8 |
Pro tip: You can offset the Withholding Tax already paid to Mintos against your Estonian tax liability. Ensure you download your Mintos Tax Report to use as proof for the Tax and Customs Board (MTA).
2. Investment Account System (Optional)
You can choose to treat your Mintos account as an "Investment Account" to defer taxes.
How to Declare:
- Log in to e-MTA: Open your annual tax declaration.
- Add Table 6.5: This table is specifically for the Investment Account system.
- Part I (Account Details): Enter your Mintos account details and the date you designated it as an investment account.
-
Part II (Transactions): Report your total contributions (deposits) and payments (withdrawals).
- Note: Under this system, you do not need to report every single trade inside the account.
Closing the Investment Account
- If you stop using the account as an investment account, indicate the closing date in Table 6.5, Part I.
- Upon closure, the remaining balance is treated as a withdrawal. If this pushes your total withdrawals above your total contributions, tax is due on the difference.
- This system is only available to Estonian tax residents. If you move abroad, you must report the closure and settle remaining tax obligations.
⚠️ Disclaimer
This guide is for educational purposes and does not constitute professional tax advice. Tax laws can change; please consult the Estonian Tax and Customs Board (MTA) for the most current regulations.