Yes, interest earned from investments on Afranga is generally subject to withholding tax (WHT). The rate and application depend on the jurisdiction of the borrowing company.
What to expect:
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The applicable WHT rate is clearly displayed on the Loan Details page.
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Some loans may be exempt from withholding tax or subject to a 0% rate, depending on the tax laws in the borrower's country.
Tip:
WHT is usually deducted before interest is paid to your account, so the amount you receive reflects net interest.
Note: Tax treatment can vary depending on your country of residence. We recommend consulting your local tax authority or a certified tax advisor to understand how withholding tax may apply to your investment income.
For any questions, feel free to contact us at support@afranga.com.