Debitum must withhold tax on interest unless a reduced rate under a Double Taxation Treaty (DTT) applies and proper documents are submitted.
1. Who can benefit?
EU / EEA tax residents
Generally subject to a reduced withholding rate (currently 5%). You do not need to provide any documents, as this tax rate is applied automatically. 0% is possible only for Lithuanian tax residents after providing documents.
Non-EU tax residents
The default rate is 25.5%, but it can be reduced if a DTT between Latvia and your country provides for a lower rate.
A reduced rate is applied only after document approval.
2. What documents are required?
You must upload:
A Tax Residency Certificate issued by your country’s tax authority (confirming tax residence for DTT purposes with Latvia). It should state the year that is now.
A signed Residence Tax Relief Application (available on the Debitum platform Tax section).
Both documents must be valid for the same tax year.
3. How to upload documents?
Log in → Go to Verification → Tax section → Upload:
Tax Residency Certificate
Signed Tax Relief Application
Submit for review.
The reduced rate is applied after approval and is not retroactive. Each year, you need to submit a new document.