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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