ALL CATEGORIES

INVESTORS

How do I declare income when filling in my tax return?

• If you are a resident of Portugal and have invested in projects promoted by Portuguese entities

In this case, at the end of the year, when filling out your IRS tax return, you do not need to declare anything, as your interest is subject to tax withholding at source and is reported directly to the Portuguese Tax Authority by Goparity (Article 71 of the IRS Code).

If you wish to opt for income aggregation, the declaration of income earned through Goparity should be made in Annex E (Table 4B, with code E20) of your annual tax return.

• If you are a resident of Portugal and have invested in projects promoted by non-Portuguese entities

Taxes on interest earned from a project promoted by a non-Portuguese entity must be paid as income obtained in the country of tax residence of that entity.

In general, no tax is withheld at source. Check the exceptions here.

In this case, the investor must include Annex J in their IRS Model 3 tax return (section for income earned abroad), declaring the income from investments made through Goparity whenever related to non-resident promoters.

• If your tax residence is not in Portugal

You must declare your Goparity income in your country of residence. You can refer to the tax guide related to your country of residence, made available by the Portuguese Tax Authority.

At the beginning of each year, a detailed income statement for the previous year is made available.

Note: Since Mangopay, our electronic payment partner, is an electronic money institution, the account/IBAN does not need to be declared.

Disclaimer:
This information is provided for general guidance purposes only and should not be considered as tax or legal advice. Taxation rules may vary based on individual circumstances, residency, and changes in legislation. Investors are strongly encouraged to consult a qualified tax advisor or legal professional to ensure compliance with the applicable tax laws and to obtain advice tailored to their specific situation. Goparity cannot be held responsible for any errors, omissions, or outcomes related to the use of this information.