I am a Portuguese resident, how does the tax payment work?

The payment of the applicable taxes takes place as described below: 

  • Investors residing in Portugal who invest in projects whose promoter is headquartered in Portugal

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.

  • Investors residing in Portugal who invest in projects whose promoter is not headquartered in Portugal

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.

Most Frequently Asked:

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 fast, both in terms of size and impact generated. We were born in Oporto in 2017, but have since opened an office in Barcelona and grown to finance project in several countries around the world, with the help of a growing community of investors from around the world.

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1200-432 Lisboa

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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, Lda 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.

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