Barcelona will reportedly pay €9 million in back taxes owed
to the Spanish government from the summer transfer of Neymar from Santos
to the Catalan giants in order to avoid potential fines and sanctions,
after High Court Judge Ruz opened an investigation into tax fraud last
week.
According to Spanish newspaper, La Vanguardia, the Barcelona board will approve the voluntary €9 million payment to Spain’s Inland Revenue Department and will use Spain’s complementary tax return method, as stated in the report, “that means paid outside the stipulated time frame. It would exonerate them from penal responsibilities without accepting the charges,” which Barcelona are hoping will cover all residual debts owed to the tax authority.
Barcelona are facing economic sanctions for up to six times the amount owed if found guilty of tax fraud by Judge Ruz and are hoping this voluntary payment satisfies their debt and are able to avoid the devastating sanctions.
According to Spanish newspaper, La Vanguardia, the Barcelona board will approve the voluntary €9 million payment to Spain’s Inland Revenue Department and will use Spain’s complementary tax return method, as stated in the report, “that means paid outside the stipulated time frame. It would exonerate them from penal responsibilities without accepting the charges,” which Barcelona are hoping will cover all residual debts owed to the tax authority.
Barcelona are facing economic sanctions for up to six times the amount owed if found guilty of tax fraud by Judge Ruz and are hoping this voluntary payment satisfies their debt and are able to avoid the devastating sanctions.
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