What is the withholding tax rate on my income?

The standard withholding tax rate in Latvia is 20% for interest payments.

Many countries have entered tax treaties – these are bilateral agreements to prevent double taxation (and non-taxation) of payments between those countries (DTTs). Typically, DTTs provide an option to apply a reduced WHT rate (5%/10%/15% depending on the particular DTT) compared to the standard WHT rate of 20%. The exact rate is defined within the particular DTT.

Here you can see the summary of countries with which Latvia has entered into a DTT, as well as the respective tax rates applicable to each country.

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