If you have concluded an agreement for the management of a securities portfolio in the Robo-Advisor of the SEB mobile application, then you have trusted SEB with putting together your ETF portfolio. However, you need to add the data to the income tax return yourself.

To help with income returns, SEB has added an assistant for declaring investment income to the Internet Bank. It has access to all the necessary information for submitting the data regarding the investment account and can be used for sending the data to the e-Tax online environment. We have explained how to use the assistant for declaring investment income in the guidelines for declaring investment income.

If you hold an investment portfolio that only contains ETFs at SEB, please read the guidelines for submitting the data below. If you have other investments as well, please review the guidelines for the assistant for declaring investment income as well.

When declaring income from an ETF portfolio of the Robo-Advisor, please keep in mind the following:

1. The SEB assistant for declaring investment income is available in the SEB Internet Bank.
2. You should declare this service as a portfolio account in the open investment account system (hereinafter, we will refer to it as a 'portfolio account').
3. We recommend that you use the SEB assistant for declaring investment income when submitting the data of the portfolio account, as it contains all necessary data for declaring the portfolio account as an investment account. You only need to review the data, approve it, and send it to the e-Tax environment.
4. If you also use the account from which you transfer money to the portfolio account as an investment account when investing with the Robo-Advisor, then you should declare both accounts.
5. If you do not declare the portfolio account as an investment account, then you must declare the sales transactions made on the account and pay income tax if necessary.
6. If you need to change the details of the investment account after submitting them to the e-Tax environment, then you can correct the data within one year by using the SEB assistant for declaring investment income, for example. Through that, you can also send the changes to the e-Tax again. If the need for changing the details arises later, please contact the Tax and Customs Board.

If you have used the microinvestment service in SEB Internet Bank and have invested in exchange-traded funds (ETFs) listed by the bank, you need to enter the data yourself on your income tax return.

To facilitate the declaration, SEB Internet Bank has created an investment income declaration assistant, which contains the information necessary for declaring an investment account and through which you can send the data to the e-Tax Office. We explain how to complete the declaration assistant in the investment income declaration instructions.

When declaring microinvestment ETFs, we recommend that you pay attention to the following:

1. The SEB declaration assistant is available in SEB Internet Bank.
2. You should declare microinvestment ETFs according to whether you used the investment account or regular account system.
3. When declaring ETFs, we recommend that you use the SEB investment income declaration assistant, where you can find all the data necessary for declaring as an investment account. All you need to do is review the data, confirm it and send it to the e-Tax Office.
4. If you did not use the investment account system, you must declare sales transactions made with micro-investments and pay income tax if necessary.
5. If you need to change the investment account data after submitting them to the e-Tax Office, you can correct them within three years, using MTA e-service. From there, you can also re-send the changes to the e-Tax Office. If the need to make changes arises later, please contact the MTA.

Income from the sale of bonds is subject to taxation. An investment account allows Estonian taxpayers to defer taxation of income from investments.

If you have purchased bonds for an investment account and wish to defer income tax on interest payments, you must notify the bond issuer.

If you closed your securities account within the past year, then you can declare your data through the menu item 'Investment income'. If you would like to see a transaction statement of your securities account, then you should contact the bank.

You can review your transactions under the menu item 'Investment income'. The menu item 'Investment income' includes dividends received during the tax return period, which must be checked. Baltic dividends are listed in the securities account statement; information on the dividends from foreign securities can be obtained on page 3 of the investment income 'Review of transactions on the investment account and data of the regular system'.

If a minor holds an investment account, then it must be declared annually.

The data on transactions sent by the assistant for declaring investment income can be seen in the e-Tax environment from the next full hour. Sometimes, data moves slower, so if it is not there by the morning of the following working day, please contact the Tax and Customs Board.

If you have opened an investment account but have not made any contributions, then you do not have to declare it. The data of an investment account must be declared after making the first monetary contribution. Subsequently, you must add the monetary contributions and disbursements of an investment account to your income tax return every year. An investment account must be declared annually even if you have made no securities transactions or monetary transfers in the meantime or if all of the money transferred to the investment account has been invested and the balance of the investment account is 0.

In this case, you do not have to include the account in the report on investment income at SEB. An investment account must be declared each year, even if no securities transactions or transfers of funds have been made on it during the year.

A contribution to an investment account is income received on the investment account, except the following transactions:

• sale price of financial assets;
• transfer from another investment account of the account holder;
• dividends or interest earned on financial assets, subject to income tax, from which the payer has not withheld income tax.

In addition, you can declare as contributions:

• initial balance on the opening day when starting to use an existing account;
• the transfer of a service fee for the purchase of financial assets from another account if the purchase could not be made with the funds on the investment account.

A disbursement from an investment account is every disbursement from the account, except the following:

• purchase of financial assets;
• transfer to another investment account of the account holder;
• transfers of service fees for the purchase, sale, and exchange of financial assets.

In addition, the following must be declared as disbursements:

• final balance on the closing day in the case of declarative closure;
• income earned on financial assets which is subject to income tax (sales amount, dividends, interest), from which income tax has not been withheld and which was not transferred to the investment account immediately.

Please review the financial assets that you have purchased through that account and set the declaration system of the respective product to 'Regular system' on the previous page.

You can correct the income tax return of the previous year and declare the investment account data on it. To correct an earlier income tax return, you should contact the Tax and Customs Board. The declaration forms of previous years cannot be sent directly to the e-Tax environment from the SEB system, so that information must be added manually to the system of the Tax and Customs Board.