Frequently asked questions

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 5% for EU/EEA tax residents and 25.5% for all others, including Latvian tax residents. Some countries' rates can be reduced in accordance with tax treaties with Latvia. If your tax residency country allows you to take advantage of the lower withholding tax rate, please 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.

To update your tax residency, go to Settings → Documents Upload in your profile and upload a valid Tax Residency Certificate. Make sure the certificate clearly includes your Taxpayer Identification Number (TIN).

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.

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.

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.

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

The standard withholding tax rate for EU/EEA tax residents is 5%, and a certificate is not required to have the standard rate applied. If your tax residency country is different from your citizenship country, a valid tax certificate confirming it is required; otherwise, your citizenship country will be used for tax purposes.

The full list of tax rates by country, effective January 1st, 2025, is provided below.

The rates in effect prior to January 1st, 2025 are listed below for your convenience.

The rates in effect prior to January 1st, 2023 are listed below for your convenience.