How do I declare earnings received when filling in my tax return?

If you are a resident of Portugal and are investing in projects with Portuguese promoters

In this case, at the end of the year, when filling in your IRS, you have nothing to declare because your interest is subject to withholding taxes, that have been declared directly to the Tax Authority by GoParity (article 71 of the IRS Code).

If you want to opt for bundling, you must declare the income obtained through investments in GoParity in Annex E (Table 4B, with code E20) in your annual statement.

If you are a resident of Portugal and are investing in projects whose promoter has no fiscal headquarters in Portugal

In this case, Goparity does not withhold tax at the source, so the investor will receive the installments at their gross value. In the IRS statement, there is a section for income earned abroad. 

Therefore, the investor must include the Anexo J in the Model 3 IRS Statement to declare income earned abroad, namely capital income from investments through non-resident promoters.

If your tax residence is not in Portugal

You must declare your income at GoParity in your country of residence. You can consult the tax guide for your country of residence, provided by the Portuguese Tax Authority.

To find out more about how tax payments on interest received work, you can find more information here.

At the beginning of each (following) year, we send all Investors their Income Statements.

Disclaimer: As MangoPay, our electronic payments partner, is an electronic money institution, the account / IBAN does not need to be declared to the IRS/Tax Authority.

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Goparity is an impact investment platform that connects companies looking to finance their sustainable projects, with individuals and entities who want to invest sustainably. We are growing, both in terms of size and impact generated. We were born in Portugal in 2017, but have since then financed projects and grown a large community of investors all around the world.

Casa do Impacto

Tv. de São Pedro 8
1200-432 Lisboa
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© 2021 Goparity

Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.