As a regulated platform, we are required to comply with governing regulations and withhold taxes on interest income earned by a private individual and the tax rate differs from country to country.
Tax rate for:
Latvian investors is 20%
Lithuanian investors can be reduced to 0% if they submit a tax residence certificate (form FR0254) acquired from VMI
investors from EU/EEA countries is 5% since November 2022
all other investors is 20%, but the rate can be reduced (usually to 2.5%-10%) if your country of tax residence has a double taxation agreement (DTA) with Latvia. See the list here: "How to reduce the withholding tax rate for tax residents of non-EEA countries?"