If you are a tax resident within the European Union (EU) and the European Economic Area (EEA), you can reduce your withholding tax rate to 5% by following these simple steps. However, this doesn't apply to Latvian and Lithuanian tax residents—Latvian tax residents have a withholding tax rate of 25.5%, while Lithuanian tax residents are eligible for 0% withholding tax if a confirmation statement from the Lithuanian tax office is uploaded, confirming that the person is a tax resident in Lithuania for the current year.
1. Access Your Settings
- Click the Profile icon in the top-right corner of your account.
- Select Settings from the dropdown menu.
2. Update Your Tax Details
- Open the Personal Information tab.
- Scroll to the Tax Details section.
- Click Edit in the top-right corner of the section.
- Enter your Tax Identification Number (TIN) and check the box to confirm you are investing as a private person.
Once these steps are completed, the reduced withholding tax rate of 5% will automatically apply to your investments.
If you have further questions, please reach out to us for assistance.