Baltic Investment Group Bank AS has been a credit institution since 28.09.05 and in accordance with the Income Tax Act can deduct from taxable income home loan interest that has been paid during the taxation period to a resident European Union member state credit institution.

In connection with the declaration of home loan interest paid in 2005, Baltic Investment Group Bank AS shall issue certificates of interest paid during the period to any clients who require them. Please get in touch with your Loan Manager should you wish to obtain such a certificate.

The basis used in calculating the interest paid by a client is the sum of interest actually received. Certificates issued by Baltic Investment Group Bank AS does not release the client from the responsibility of proving to the Tax Board, if necessary, that the loan whose interest he or she wishes to deduct from his or her taxable income has been used for the purchase of property within the terms of the Income Tax Act.

Baltic Investment Group Bank AS shall not send the data in question directly to the Tax Board if the client is obliged to evidence the object of the loan and the way in which it was actually used has not been ascertained.