The withholding tax rate on your investments in financial instruments is determined based on your tax residency and in accordance with Latvian tax laws and applicable international double-taxation avoidance agreements.
Below, we outline the general withholding tax rates and conditions. Please note that this information is for guidance only. We recommend consulting your local tax authorities or a tax professional to confirm the applicable rates based on your specific circumstances.
A standard withholding tax rate of 25.5% applies unless a specific tax treaty allows for a reduction. The tax certificate to be accepted must meet the following requirements to be accepted:
- It must contain your full name and tax identification number
- It must confirm your tax residence for the current year
- It should specify that it applies to income generated in Latvia
Exceptions may apply to residents of the following countries:
- Azerbaijan – [More information]
- Canada – [More information]
- Hong Kong – [More information]
- Japan – [More information]
- Lithuania – [More information]
- Moldova – [More information]
- North Macedonia – [More information]
- Singapore – [More information]
- Switzerland – [More information]
- United Arab Emirates – [More information]
You can securely upload your tax residence documents via the link. For more details on submitting the necessary documentation to qualify for reduced rates or exemptions, please refer to the relevant tax authority guidelines.