INCOME TAXES
FOR FOREIGNERS / NON-LITHUANIA RESIDENTS
“InRento is EU’s largest buy-to-let crowdfunding platform.”
If you are a foreign investor or non-Lithuania resident your interest income (from rent and capital gains) earned on InRento is currently taxed at a 15% tax rate. Meaning that if you earn 1000 EUR in income from interest, you will be taxed for 150 EUR and you will receive 850 EUR. However, it’s possible to reduce this tax. Read more about it here. https://inrento.com/blog/important-information-about-taxes
Income earned from late payments and penalties is not taxed.
Filing for taxes and paying them in your local tax residency is your own responsibility.
FOR LITHUANIAN RESIDENTS If you are a Lithuanian resident, withholding tax will not be applied to you for your interest income (from rent and capital gains) earned on InRento. This means that if you earn 1000 EUR worth of interest, you will receive all 1000 EUR, then paying taxes on this income will be your responsibility while declaring taxes. Read about tax relief for Lithuanian residents here. https://inrento.com/blog/important-information-about-taxes
Income earned from late payments and penalties will be taxed at a 15% tax rate. Please note, that this tax is automatically withheld and you don't have to pay it on top.
