The income earned is comparable to dividends and not to income from individual economic activity, respectively, no additional taxes in the form of personal income tax or social security contributions will have to be paid by you.
Abillio believes that social security is an essential part of current national Latvia's tax system, and if you have no other income for which social security contributions are paid, we recommend that you voluntarily join Social Insurance, Health insurance or use any other sustainable savings tools for your old age, like INDEXO pension fund.