serotoninsid
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Plus income tax due here.Hi. Just been checking out latvian banks - and I see its possible to get a 1 Year fixed in lats at 6% or 1 year fixed in € @ 4.5%. Theres a 10% tax on interest.
Find out if Latvia has low debt, low unemployment and produces things the rest of the world buys.How risky is the lat at the moment?
Hi Ciaran - yes, thats my main concern although the rate is attractive.Remember to consider EUR/LVL FX risk before opening an account.
Hi Ciaran - yes, thats my main concern although the rate is attractive.
I know that they have a government bank guarantee scheme like ours for amounts under €100k- but I don't know if thats worth the paper its written on??You should also check out how secure are the Latvian banks and what are they backed by. Remember Iceland !!
Hi. Just been checking out latvian banks - and I see its possible to get a 1 Year fixed in lats at 6% or 1 year fixed in € @ 4.5%. Theres a 10% tax on interest.
How risky is the lat at the moment?
If you are a 41% taxpayer, you will pay 41% income tax on foreign interest earned. In contrast, interest earned within the State is subject to 25% DIRT with no further income tax liability for the taxpayer. This makes Irish deposits much more attractive tax-wise than investing funds overseas.
I know that they have a government bank guarantee scheme like ours for amounts under €100k- but I don't know if thats worth the paper its written on??
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