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Montevideo, December 5th 2016 - 04:30 UTC

Neymar ordered to pay US$ 52.2 million in back taxes to the Brazilian Treasury

Saturday, March 19th 2016 - 06:09 UTC
Full article 3 comments
The ruling found that Neymar failed to pay all the tax he owed on income stemming from his contractual relationships with Barça and U.S. sportswear giant Nike. The ruling found that Neymar failed to pay all the tax he owed on income stemming from his contractual relationships with Barça and U.S. sportswear giant Nike.
Neymar also failed to report income from publicity and image rights deals and other contracts signed with FC Barcelona and other companies Neymar also failed to report income from publicity and image rights deals and other contracts signed with FC Barcelona and other companies
The tax, interest and penalties Neymar has been ordered to pay are exactly equivalent to the amount of Neymar’s assets a judge ordered frozen last September. The tax, interest and penalties Neymar has been ordered to pay are exactly equivalent to the amount of Neymar’s assets a judge ordered frozen last September.

A Brazilian court has found Barcelona striker Neymar guilty of tax fraud and ordered him to pay 188.8 million Reais (US$ 52.2) in back taxes, interest and penalties according to reports on the local media on Friday.

 The ruling, which was handed down on March 4, according to the daily Folha de Sao Paulo, found that the 24-year-old Brazilian failed to pay all the tax he owed on income stemming from his contractual relationships with Barça, Brazilian club Santos FC and U.S. sportswear giant Nike.

The administrative court in Rio de Janeiro ruled that Neymar used three companies linked to his family – Neymar Sport e Marketing, N&N Consultoria Esportiva e Empresarial and N&N Administracao de Bens, Participacoes e Investimentos – to avoid the payment of 63.6 million reais ($17.55 million) in taxes between 2012 and 2014.

The remaining amount he was ordered to pay – 125.2 million reais ($34.54 million) – corresponds to interest and penalties.

Prosecutors said the player sought to benefit from a lower tax rate by fraudulently declaring money he received from his signing by Barcelona in 2013 to be income earned by his family’s companies.

Neymar also failed to report income from publicity and image rights deals and other contracts signed with FC Barcelona and other companies between 2011 and 2013, according to Brazilian tax authorities.

The tax, interest and penalties Neymar has been ordered to pay are exactly equivalent to the amount of Neymar’s assets a judge ordered frozen last September.

Neymar may still appeal the ruling to the Federal Administrative Council of Tax Appeals, or CARF, a division of Brazil’s Finance Ministry that is responsible for imposing fines on tax evaders.

Top Comments

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  • SebaSvtz

    Poor Brazilian treasury, no money to be stolen ...

    Why don´t they ask Lula-Dilma-&-Co to hand back all their filthy money?

    Mar 21st, 2016 - 01:18 pm 0
  • L0B0MAU

    REF: “Why don´t they ask Lula-Dilma-&-Co to hand back all their filthy money?”:
    Are you suggesting that Brazil should break the tradition?
    :o))
    Are you also suggesting that ALL the politicians should give-up their birth-right?
    :o))

    Mar 22nd, 2016 - 09:14 am 0
  • Jack Bauer

    Unfortunately this idea that they can outsmart the IRS and get away with murder (figuratively speaking) is symptomatic of a lot of Brazilians - they believe in impunity......One would think that this trait belonged to the upper social classes, but obviously not, and to prove this we have Neymar and the LulaRat....screw them both, they deserve it.

    Mar 23rd, 2016 - 06:32 pm 0
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