How are pensions taxed under the United Kingdom-Latvia tax treaty?
Under the United Kingdom-Latvia tax treaty, private pensions are generally taxable only in the country of residence — meaning no withholding tax applies at source (0%). This is favorable for retirees who have moved between the two countries, as their pension income will not be subject to double taxation. Government pensions may have different rules under a separate treaty article. This 0% rate compares to a median of 0% across United Kingdom's 54 active treaty partners, and 0% across Latvia's 2 active partners.
Network Comparison
United Kingdom
Rank 34 of 54 active treaties (lowest rate = #1)
Lower rates with: South Korea (0%), Lithuania (0%), Luxembourg (0%)
Higher rates with: Mexico (0%), Malaysia (0%), Nigeria (0%)
Latvia
Rank 1 of 2 active treaties (lowest rate = #1)
Higher rates with: United States (0%)