The abovementioned rules and principles of taxation are applicable to the transfer of securities through a foreign financial intermediary. The expenses made in foreign currency, sales/market prices of securities, taxes paid and withheld income tax must be recalculated into euros according to the exchange rate of the European Central Bankon the date on which the expenses were made or income was received, or on the date of payment or withholding income tax.
Acquisition cost of the assets acquired before 2011 must be recalculated into Estonian kroons according to the exchange rate of the Eesti Pank (Bank of Estonia) effective on that date, and after that into euros according to the exchange rate of 15.6466. Transaction figures concerning the same transaction (for example, acquisition cost and selling price) must be declared in the same currency. Transaction figures may be converted into euros, if necessary.
Securities transferred abroad are to be declared in the table 8.2 of the income tax return and the fields should be completed like the fields of the table 6.1. Securities transferred abroad are to be declared in table 8.2 of the income tax return and the fields should be completed like the fields of table 6.1 (excluding securities acquired in the investment account system).
In case of securities that are publicly traded on a regulated securities market or on a multilateral trading facility of a member state of OECD, an investment account opened with a credit institution (bank) of that country may be used to defer tax liability. Investment account transfers in foreign currency must be converted into euro at the rate of the European Central Bank and declared in euro in table 6.5 of the income tax return.