Income declaration from P2P (peer-to-peer) platforms such as Crowdpear, Esketit, and Peerberry can be a straightforward process if you follow the correct instructions. These incomes are considered interest, falling under Category E (Capital Income) of the Portuguese Tax Report, IRS declaration.

Filing Deadline

The deadline for filing the Portuguese Tax Report, IRS declaration, is from April 1 to June 30.

Where to Declare: Anexo J and Anexo E

Since the mentioned P2P platforms do not have headquarters in Portuguese territory, the incomes must be declared in Anexo J. If earned in Portugal, the Anexo to fill would be Anexo E. In the case of incomes earned abroad, the filling is done in Anexo J, table 8-A, using the income code E21 - Interest without withholding tax in Portugal.

Steps for Filling Out Anexo J

1. Access Table 8-A in Anexo J:

- Add Anexo J
- Access Table 8 Capital Income (Category E)
- Fill out in Table 8-A

2. Fill in the Relevant Fields:

- Income Code: E21 - Interest without withholding tax in Portugal (except E22, E23, E24)
- Gross Income: Indicate the total gross amount of interest received, without any tax withholding.
- Country of Source: Indicate the country where the P2P platform is headquartered, using the appropriate code.
- Tax Paid Abroad, In the country of source: If there was tax payment, indicate the amount.

Practical Example of Filling Out Table 8-A in Anexo J

In the following practical example, we assume you received €50 from Esketit, €100 from Peerberry, and €50 from Crowdpear with €7.5 taxes paid at source.
In Table 8-A of Anexo J, you should fill it out as follows:

And how to save time?

The declaration of capital gains from P2P loan interests, although much simpler than other financial products, can be a time-consuming and complex process. To save time and avoid errors, you can choose to use the Tax-Wizard that automates everything for you.

We support various brokers ( Unterstützte Broker ) and we also have a simple CSV file import system for unsupported brokers: Wir unterstützen alle Broker

Which country code to use for each P2P platform?

The "Country of Source" in Quadro 8-A of Anexo J should match the country where the platform paying the interest is headquartered - not the country of origin of the underlying loans. The platform is the legal payer and the investor's contractual counterparty, consistent with Article 11 of the OECD Model Convention on Double Taxation.

Important note: the Portuguese Tax Authority (AT) has not issued any binding ruling (Informação Vinculativa) specifically on P2P platforms. The table below reflects the consensus across Portuguese specialised sources and each platform's legal seat, with reference to the relevant regulator.

Additional sources: CIRS Art. 71, PwC · PT double tax treaties, Regulation (EU) 2020/1503 (ECSPR).

The Anexo J Problem

The Portuguese Tax Authority system does not allow running a simulation with Anexo J filled out. The Tax-Wizard allows you to do so, find out how: Anexo J simulieren .