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NEWS - 2. February 2011 09:13

2010 income must be declared in Estonian kroons

Users of SEB’s Internet bank will be able to check the information on their pre-completed 2010 tax returns through the e-Tax Board starting from 8 February 2011.

Salaries, other remuneration, mandatory pension payments, unemployment insurance payments withheld, training costs paid, pensions and voluntary pension payments will be reflected on the tax returns in Estonian kroons.

Since the other information on the tax returns is in kroons, bank information is also being given in the former national currency. Clients should also note that income tax incentives on interest earned on student loans were scrapped in 2010, as a result of which this information is not being forwarded to the Tax and Customs Board by the bank. Nor is confirmation provided of this in the Internet bank.

Confirmation will also be available in the Internet bank as of 8 February 2011 for interest paid on home loans and leasing in 2010, as well as for life insurance payments and payments made into pension funds.

Taxpayers will be able to begin confirming and lodging their pre-completed tax returns as of 15 February 2011. The Tax and Customs Board, via the e-Tax Board, will begin issuing rebates on submitted returns as of 28 February 2011. The deadline for submission of all tax returns is 31 March 2011.

More than 560,000 tax returns were lodged with the Tax and Customs Board last year regarding income earned in 2009, 92% of them electronically. Approximately 25% of those were submitted via SEB’s Internet bank.

For further information please contact:
Silver Vohu
Communications Manager
Telephone: +372 665 5393
Mobile: +372 52 111 70

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