When asset-backed securities were first introduced, the standard withholding tax rate applied to all private investors was 20% (reduced with a tax certificate).
The Latvian fintech community, of which we are proud to be a part, worked diligently to pass new legislation, and as a result, EU residents will now be subject to a 5% withholding tax without the need to provide additional tax certificates, which will go into effect on January 1st, 2023. Continue reading Reduced 5% withholding tax rate for EU residents coming soon
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