#WallessTaxCookies | Got crypto gains or losses to declare in Estonia? Here is what matters.

WALLESS • Estonia
From 1 January 2025, crypto-assets acquired through a MiCA-licensed (Markets in Crypto-Assets Regulation) platform can be treated as financial assets — and the rules differ depending on where you traded.
The magic question: did your platform hold a MiCA licence at the time of purchase?
• No MiCA licence – declare only your profitable trades. No deductions are available for losses, so this is not an attractive option from the taxation perspective.
• MiCA licence, standard system – declare both gains and losses.
• MiCA licence, investment account – declare contributions and withdrawals in table 6.5 of your annual tax declaration. Bear in mind: the crypto platform itself does not count as an investment account.

To help you check, the Estonian tax authority has added 141 MiCA-licensed platforms to the drop-down menu in the online form of the declaration.

Deadline: 30 April 2026. Happy declaring!