The payment of the applicable taxes takes place as described below:
Investors do not need to be concerned either with the tax payment nor the declaration of income to the Portuguese tax authority as GoParity is responsible for the tax retention and subsequent declaration. You can check here the applicable tax rate.
The tax over earned interest from projects promoter by a non-portuguese entity shall be paid as a capital return obtained in the promoter's country of fiscal residency. In this case, GoParity does not retain tax, meaning the investor will be receiving the gross payment. In the Portuguese tax declaration (IRS), there is a section dedicated to income obtained abroad. Therefore, the investor has to include annex J in the IRS declaration Modelo 3 in order to declare the income obtained abroad.
In all cases, at the beginning of each year, you will receive a declaration for the previous year containing all necessary details.
Do you reside outside of Portugal? Read more here.
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 communityof investors all around the world.
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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 www.goparity.com. 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.