Claim for a security and types of security
A person who is obligated to provide a security may choose between the following types of security (Taxation Act § 122):
- an amount of security paid into the bank account as a deposit;
- a registered security over movables or a mortgage established for the benefit of the state, a rural municipality or a city.
The providers of surety accepted by Estonian Tax and Customs Board:
- AS LHV Pank
- AS Citadele banka Estonia branch
- AS SEB Pank
- Danske Bank AS Estonia branch
- Coop Pank AS
- Luminor Bank AS
- OP Corporate Bank plc Estonia branch
- Swedbank AS
- Svenska Handelsbanken AB Estonia branch
- Tallinna Äripanga AS
- AS Inges Kindlustus
- BTA Insurance Company SE Estonia branch
- ERGO Insurance SE
- Salva Kindlustuse AS
AS Citadele banka (Joint Stock Company Citadele Banka)
The persons included in the list of surety providers accepted by Estonian Tax and Customs Board have themselves expressed the will to provide a surety and applied for the relevant right from the Tax and Customs Board.
Surety documents are submitted using the application form (93.84 KB, RTF) designed for this purpose which has been transmitted to the credit and insurance institutions included in the list of the providers of surety.
Amount of security paid into the account of a tax authority as a deposit
The amount of security is paid into the bank account indicated in the decision where the amount for a security was determined. The reference number indicated in the decision will be written on the payment order.
Registered security over movables or a mortgage established for the benefit of the state, a rural municipality or a city
In order to establish a pledge a taxable person must apply for the relevant right from the Tax and Customs Board. In addition, it is necessary to submit an expert assessment in accordance with the requirements of the Estonian Centre for Standardisation (EVS 875), because the value of a pledged object is appraised on the basis of the market value stated in the expert assessment. Expert assessments have to be issued by a valuation professional and must not be older than three months. Estonian Tax and Customs Board accept valuators who own a professional certificate. The list of valuation professionals is available on the homepage of the Estonian Association of Appraisers. An expert assessment must be drawn up for submission to the Tax and Customs Board and contain the consent of the provider of assessment service to disclose the assessment to third parties.
As a rule, first-ranking mortgages are accepted as a security, but depending on a specific security offer, it is possible to establish a pledge on subsequent rankings.
Keiu Randma, Keiu.Randma@emta.ee, (+372) 676 1609