- According to the legal requirements, CrowdingLab submits information about
your earned interest to State Tax Inspection of the Republic of Lithuania
(Lith. Valstybinė mokesčių inspeckija). You will find submitted information on
your yearly income declaration and will have to pay an income tax of 15
You must declare the income received and pay
due taxes before 1 May of the following year.
Please note that from
January 1st 2018, income tax is deducted only from earned interest that exceeds
500 euros per year.
- According to Income Tax Law of the Republic of Lithuania, CrowdingLab is
responsible for the collection and payment of income tax for non-residents. The
income tax rate is 15 percent and it is deducted from earned interest. The
platform automatically deducts it every time when loan installment is received.
If you are non-resident
of Lithuania and you are living in a country which has valid Double Taxation
Avoidance Treaty with Lithuania, you can apply for the reduced personal income
CrowdingLab does not
provide tax-related advice and would recommend turning to a local tax advisor
for additional information.