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What are the tax retention rates?
If you invest in projects with a promoter based in Portugal, you are subject to the following tax retention rates:
- Individual Investor: 28%
- Institutional investor: 25%
These rates are automatically retained from the earned interest and subsequently declared to the Portuguese Tax Authorities.
If you invest in a promoter based in Spain (starting May 2024):
- Spanish fiscal residents are subject to a retention rate of 19%
- Fiscal residents of EU countries other than Spain are exempt from retention;
- Non-EU residents investing in projects based in Spain will also be subject to a withholding tax rate of 19% on the interest generated
If you invest in a promoter based in Colombia:
- Tax residents in Colombia are subject to a 4% withholding rate;
- Tax residents in other countries are subject to a 15% withholding rate.
You can request the activation of the Double Taxation Agreement for your country of residence, if applicable, which will mean a reduced rate of withholding when investing in projects of a promoter based in a country other than that of your tax residence. We can help you with this. To do so, please send us an email to hello@goparity.com.
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1070-289 Lisboa
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© 2024 Goparity
GOPARITY (www.goparity.com) is a platform of crowdfunding by loans (crowdlending) managed and owned by Power Parity, SA, a public limited company, with number 514373822, and registered office at Travessa de São Pedro, nº 8, 1200 Lisboa (Portugal), licensed by the regulator and supervisor CMVM (Portuguese Securities Market Commission), under Regulation (EU) 2020/1503 (European Crowdfunding Regulation).
The payment services available through the platform are provided by MangoPay SA, a registered electronic money institution based in Luxembourg and supervised by the CSFF (Commission de Surveillance du Secteur Financier), registered with Banco Portugal (the Portuguese regulator) under no. 7830.
Investments in crowdlending carry a risk of partial or total loss of the funds invested. The return on your investment depends on the project's success developed through the campaign in which you invest. Your investment is not covered by the deposit guarantee schemes established by Directive 2014/49/EU nor by the investor compensation schemes established by Directive 97/9/EU. Please consider all risks before investing and carefully read the Key Investment Information Sheet (KIIS) provided to you before investing.