Value-added tax (Abillio is VAT payer) as well as corporate income tax in the amount of 20% will be deducted from the amount paid by customers, as income is equated to dividends. Taxes will be transferred to the tax authority.
You will be indicated as a natural person as an income recipient. In case you prepare an annual personal income tax return, this income will appear in your income tax return automatically and you will not have to make any other tax payments.
Abillio will deduct a share of the profit as a commission of 5% of the final (payable) amount.
In addition, bank fees will be deducted from the amount to be paid out in accordance with our unified pricelist: payout to personal bank account in Citadele/SEB/Swedbank - 1.00 EUR/payout, payout to personal bank account in Revolut/Luminor/Wise/Other banks - 1.00 EUR/payout.