Saudi Arabia It is fashionable and increasingly attracts foreign soccer players, dazzled by the millions they are paid in a country criticized for its human rights abuses. In addition to rich contracts, players are attracted by taxation, but as the newspaper ‘Expansión’ explains, all that glitters is not gold. Although in Arabian no income tax, Karim Benzemafor example, will continue to be subject to a series of taxes linked to Spain. Despite this, the difference is still huge.
Benzema will earn around 100 million euros for each of the two seasons he will play in Al Ittihadin addition to another 20 for being the ambassador of the candidacy of Saudi Arabia for him World Cup 2030. They contrast the 24 ‘kilo’ gross (11.5 net after tax) he received in real Madrid. The distance is enormous.
The exit tax
But contrary to what it may seem at first, part of those millions will be collected Arabian It will go to the tax office in Spain. First, on the validity of the call exit tax or departure tax, which is levied between 19 and 28% on profits from participation in companies of those moving out of European Union after living at least 10 of the previous 15 years here, in the case of the France striker.
You will also pay if you collect pending income after your move or income you continue to receive from Spanish sources, as a non-resident. In the event of retaining assets or shares in companies with property in Spainit will affect you too Wealth tax and unity in great fortunes. That means, Spain will continue to take a good peak of the income of Benzema.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
