Tag Archives: tax

Neymar cleared of tax evasion charges in Brazil

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FC Barcelona forward Neymar has been cleared of tax evasion charges in his native Brazil according to a statement by his father.

The Brazilian International forward, who has been under investigation for alleged tax fraud since a few years ago, could well be cleared of all charges following a “termination of proceedings regarding the complaint on tax evasion”.

Neymar himself has already been fined €56.7 million last year for failing to report earnings from his contracts with Brazilian club Santos, Barcelona and his sponsors between 2011 and 2014.

However, Neymar Sr said on Tuesday that his son Neymar was cleared of any wrongdoings and his case has been “officially closed” following several appeal processes completed by a court.

“It is with great joy the we received the news of the termination of proceedings regarding the complaint on tax evasion directed by the Federal Public Ministry,” Neymar Sr said in a statement. “The proceeding is officially closed, thus it proves the lawfulness on every act we took.

“During four years of unfounded accusations me, my family and our employees suffered a lot and in every possible way. But albeit lots of people doubt, there’s justice in our country.”

“Accusation by accusation, one after the other, they were all defeated by our defence, leaving it clear that we did not evade not one penny in taxes. Now I hope we can focus only in our jobs, and that me and my family can have the peace we deserve.”

Nevertheless, there could be another major issue at hand for Neymar as Paris Saint-Germain is confident of a 90 per cent chance to sign the player. It was an unpopular thought in FC Barcelona, and although his teammate Gerard Pique posted a photo of the pair at the weekend on social media with the caption: “He stays,”, Pique admitted himself that he does not know for certain whether Neymar will remain at Barcelona.

Lionel Messi tax fraud prison sentence reduced to fine

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The 21-month prison sentence placed upon Argentina and Barcelona star Lionel Messi has been been changed to a fine by Spanish Courts.

Messi, along with his father Jorge, was sentenced as guilty in the crime of defrauding Spain of €4.1m between 2007 and 2009. Both were charged with using tax havens in Belize and Uruguay to conceal earnings from image rights.

Although both were handed prison sentences, they were ever expected to serve time in jail as under the Spanish system in which prison terms of under two years can be served under probation.

But at present, the court said in a statement that the adjusted sanctions imposes a €400 fine for each of the sentence €252,000 upon the player.

His father’s 15-month sentence has also been replaced with a €180,000 fine.

The fine is placed on top of another fine Messi had paid at the time of his sentence, with his amounting to €2m and his father €1.5m. Both had also made a voluntary €5m “corrective payment”, equal to the alleged unpaid tax plus interest, in August 2013.

Messi also failed in his appeal against the sentence after it was rejected by Spain’s Supreme Court last month, but his father’s jail time was reduced because he had paid some of the taxes.

Nonetheless, the fine is not expected to hinder Messi’s finances after he had agreed upon a new £500k per week Barcelona contract until 2021, with Marca reporting an included release clause of €300m.