He Supreme court AS football club’s appeal was rejected Monaco against the decision of the National Court that condemned him to pay the Treasury 6.6 million euros for the transfer of the Colombian football player. James Rodríguez at Real Madrid in 2014.
He Supreme establishes as a criterion that the economic rights acquired by a club or a sports entity not resident in Spain for the transfer of an athlete to a club or sports entity resident in Spain constitute a capital gain for the foreign entity subject to non-resident Income Tax .Residents.
In this way, andl Monaco twill have to pay to the Spanish Treasury for the money collected from the sale of James at Real Madrid, worth 75 million euros, according to the Supreme Court.
Since the Monegasque club bought the player for 45 million from Porto last year, “a capital gain is generated due to the transfer of the same player to Real Madrid, which must be taxed in the Spanish territory.”
The tax corresponding to that gain was assessed by the Treasury at 6.3 million euros, plus another 300,000 in interest.
This is a case similar to Neymar, when the Supreme Court approved the liquidation of the Treasury in the Brazilian club, of 2.7 million euros for Income Tax of non-residents for the years 2013 and 2015, which came from the capital gain obtained from the transfer of the federative rights of Neymar to Barcelona.
He did this because he understood that international transfers of players from a foreign football club to another Spanish one are taxed in our country and that is exactly the doctrine applicable in the case of James Rodriguez
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.
