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Tax rate on income from capital
As of the 1st January, 2025, income from capital is subject to a 25.5% tax.
This tax rate applies to the following types of income:
- Dividends and comparable income.
- Interest income and comparable income, as well as income related to interest income.
- Income from payments made into private pension funds.
- Income from life insurance agreements with capital accumulation.
- Income from lifetime pension insurance agreements (if the capital was saved in accordance with the Law on State Funded Pensions).
- Income from personal financial instrument management in accordance with the investor’s authorisation (portfolio management service).
- Income from an investment account.
Applying taxes to our products
| Product | Person responsible for payment of taxes | Tax deduction |
|---|---|---|
| Interest income on account balance | ||
| Current and investment accounts | Citadele | When interest is paid out |
| Interest income from deposits | ||
| Green Savings Account, Savings Account | Citadele | When interest is paid out |
| Term deposit | Citadele | When interest is paid out |
| Overnight deposit | Citadele | When interest is paid out |
| Child Savings Account | Citadele | When interest is paid out |
| Life insurance with capital accumulation in funds | CBL life | When interest is paid out |
| Coupon income from bonds | ||
| Income from bond coupons issued by Citadele Bank | Citadele | When the income is paid out |
| Income from payments into private pension funds | ||
| 3rd pension pillar | CBL Open Pension Fund | When the private pension capital is paid out |
| Income from personal financial instrument management in accordance with the investor’s authorisation (portfolio management service) | Income recipient |
More information
In accordance with the law, when calculating the 25.5% tax on capital income, expenses related to obtaining this income are not taken into account. We will provide information on the withheld tax in your account statement.
The date of receiving interest income and the payout date is taken as the day when you gain the right to act freely with the income in accordance with your signed agreement or the law. This means that we withhold taxes at the exact moment in which we pay out the income.
For example, if the interest earned in your savings account is paid out on the last day of each month, then we will withhold taxes on the same day.
Tax rate on income from capital gains
