Yes, income earned through Afranga is generally subject to taxation in your country of residence.
How it works:
Taxes are typically withheld at the source by the Loan Originator. This means that the returns you see in your account are already net of any applicable withholding tax.
You may be able to reduce your overall tax:
Depending on your local tax laws, you might be eligible to:
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Claim a tax credit
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Request a tax refund
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Offset the withheld amount against your final tax liability
Note: Afranga does not offer tax advice. We recommend consulting your local tax authority or a certified tax advisor to understand your specific obligations.
If you have questions related to tax documentation or withholding, feel free to contact us at support@afranga.com.