Non resident tax return in Latvia/Estonia for Mintos/Lendyy

Hi

I doubt it as I don't have to as a Swiss resident. Did not read anything like this from other investors around europe.

How comes that a Canadian invests in the baltics?

hello, thanks much for your prompt response and including the link to the blog. Just trying to diversify since US p2p market is blocked for non residents.

Meanwhile is this the same for Linked Finance (Ireland) ...that you need not file Irish tax return.

Thanks again, Korak

Should be, I do not file a tax return for Ireland as well and did not hear something similiar from other investors. I guess the only countries which tax non residents are the USA and Japan. But in this case this applies only to citizens of their countries. 

I would say it is assured that you don't need to fill in tax returns in any european (at least) country where you invest. What could happen on some platforms is that a withholding tax will be applied and then you would need to fill in some forms to offset these taxes (if even possible). But I don't think you'd require to file a tax return at all in that country. 

bracknellboy I have Merkel on my border.... not so scarry at all

I know that for Estonia, income tax is not levied on interest earned by a non-resident, refer to 5.6 in the link to Estonia's tax and customs board: 

www.emta.ee/eng/business-client/income-expenses-supply-profits/taxation-income-non-residents#ankur56

This is unusual because generally interest is nearly always taxed by the jurisdiction in which the interest is sourced.  Double taxation treaties seek to avoid double taxation by making clear which jurisdiction has the primary right to tax (almost always where the interest is sourced) with the non-resident jurisdiction allowing credit for foreign tax paid against local assessment of tax on the same income.  Normally interest paid to foreign residents is subject to withholding tax (the rate agreed in the Double Taxation Treaty) so that no further tax returns or tax remittances are required to be submitted by a non-resident to the foreign tax jurisdiction.

If/when legislation change comes it doesn't matter what their plans are. But just my opinion, all might turn out different.