Are there any taxes applicable to my income generated on VIAINVEST?

As a licensed investment platform, VIAINVEST is legally required to withhold a tax from private investors’ income generated from investing in the regulated financial instruments within a platform.

The standard withholding tax rate is 20% of the interest income earned, however, this rate can be reduced down to 0% thanks to the tax treaties concluded between countries. To reduce your withholding tax rate, we welcome all investors to submit the certificate of residency issued by your tax residence country.

For the rate applicable to your country of tax residence, please see the table in the “What are the applicable tax withholding rates?” section below.

Please note that withholding tax is applied only to the interest portion of the revenue, while principal repayments are not taxed.

Where can I receive the tax residency certificate?

The tax certificate is provided by the tax authorities in your country of tax residence. Please contact the tax authority for information on how to receive your tax certificate. The certificates may be provided online or in-person depending on the country of residence.

Each country has its own definition of tax residence, but:

  • You are usually considered a tax resident in the country where you spend more than six months out of the year.
  • If you spend less than six months a year in another EU country, you will normally remain tax-resident in your home country.

How do I upload the tax residency certificate?

The document can be uploaded by visiting your profile and heading to the Settings -> Documents Upload page.

Once the document is approved, the reduced tax rate will automatically apply to any further interest income received to your VIAINVEST account.

What information do I need to state in my tax residency certificate?

Your tax residency certificate must include the following information:

  • Your full name and tax identification number.
  • Confirmation of the tax treaty between your tax residency country and Latvia, verifying that it applies to income generated in Latvia.
  • The current year or period for which the certificate is issued must be visible.

Some tax offices provide tax certificates separately for each country, and some of them include them all in one. Make sure your tax certificate confirms the existence of the treaty with Latvia.

What are the applicable tax withholding rates?

Once your submited tax residency certificate is approved, you can benefit from the reduced tax withholding rates based on the double tax treaty with Latvia.

Below is the full list of the tax treaty rates by country:

Private investor’s tax residence countryTax residency certificate submittedNo tax residency certificate
Austria, Belgium, Croatia, Czech Republic, Republic of Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The United Kingdom, Iceland, Norway, Switzerland, USA, Hong Kong, Republic of India, Japan, Canada, Republic of Korea, United Mexican States, Republic of Singapore10%20%
Liechtenstein, Brazil, Australia, South African Republic20%20%