As a regulated platform, we are required to comply with governing regulations and withhold taxes on interest and bonus income earned by a private person. The tax rate differs from country to country. Calculated interest represents the gross interest earned before taxes are applied, while paid interest reflects the net earnings after tax withholding, ensuring compliance with local regulations.
Default tax rates:
Latvian investors are 25.5%
Lithuanian investors can be reduced to 0% if they submit a tax residence certificate (form FR0254) acquired from VMI
Investors from EU/EEA countries are subject to a 5% withholding tax (since November 2022).
All other investors are 25.5%. This rate can be reduced (usually to 2.5%-10%) if your country of tax residence has a double taxation agreement with Latvia.
The reduced rate is not retroactive. It will be applied only after your documents are successfully verified.
For specific tax advice, please consult your local tax authority, as we cannot provide tax guidance.
I need a report of all my active investments—how do I download that?
At the beginning of each year, you can download an account statement from your "My balance" page, which will detail the tax paid in the previous year. This statement can then be presented to your tax authority to assist with settling any remaining tax obligations in your country.
To do so, please follow these steps:
Navigate to the "All Transactions" tab.
Apply the necessary filters.
Select the desired time period in the Calendar tab.
Choose Excel or PDF.
Click "Download selected statement."
Please read our blogs:
https://debitum.investments/blog/withholding-tax-reduced-to-5-for-eu-and-eea-tax-residents/
https://debitum.investments/blog/where-i-can-get-a-tax-residency-certificate/