Neymar loses appeal, fined $112,000 for Brazil tax evasion | Football News - Hindustan Times
close_game
close_game

Neymar loses appeal, fined $112,000 for Brazil tax evasion

AFP | By, Sao Paulosportsdesk@hindustantimes.com
Jan 29, 2016 03:22 PM IST

Barcelona star Neymar on Thursday lost an appeal against a $112,000 fine slapped on him for tax evasion during his years with Santos in 2007 and 2008.

Barcelona star Neymar on Thursday lost an appeal against a $112,000 fine slapped on him for tax evasion during his years with Santos in 2007 and 2008. The appeal decision confirmed the Brazilian financial authorities’ sanction handed down originally in 2012 for irregularities in his income tax declaration, the tax service said.

Neymar and Luis Suarez celebrates a goal against Athletic Bilbao.(Reuters Photo)
Neymar and Luis Suarez celebrates a goal against Athletic Bilbao.(Reuters Photo)

The case also involved the player’s father although the fine is unlikely to perturb the Brazilian star too much as he reportedly earns around $215,000 a week at European champions Barcelona.

Hindustan Times - your fastest source for breaking news! Read now.

Neymar is also embroiled in legal action in Spain where he has been ordered to give evidence on February 2 for alleged fraud surrounding his transfer to the Catalan giants from Santos in 2013.Barca president Josep Maria Bartomeu, his predecessor Sandro Rosell, Neymar’s parents and two directors of Santos have also been called to appear.

Spanish public prosecutors filed for action to be taken against all the parties after a complaint of fraud and corruption was launched by the Brazilian investment fund DIS, which held 40 percent of Neymar’s sporting rights when he played at Santos, at the court in June 2015.

DIS has claimed it was cheated of its real share of the benefits of the 23-year-old’s transfer because part of the fee was concealed by Barcelona and Santos.

The deal was originally valued at 57.1 million euros ($62.1 million) by the Catalan club, 40 million of which was paid to the N&N company owned by the player’s father with Santos receiving just 17.1 million. However, Spanish judicial authorities have estimated the amount to be at least 83.3 million.

DIS received 6.8 million euros ($7.7 million) out of the total 17.1 million that Barcelona paid to Santos, but claims it may also be due a share of the overall transfer payments.

Catch all the Latest Football matches score updates alongwith EPL 2024 Schedule , ISL 2024 Schedule and other related updates on ISL 2024 Points table on The Hindustan Times website and App
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On