Sunday, 20 March 2016

Barcelona striker Neymar hit with €46 million fine For tax evasion offences


Authorities in Brazil have issued Barcelona forward Neymar with a massive €46 million fine due to tax evasion offences committed by the player in the past. 

According to Folha de Sao Paulo, a tax avoidance scheme was concocted which involved placing a large amount of the youngster's earnings, including wages and sponsorship deals, into three separate companies.
Those were Neymar Sport and Marketing, N&N Consultoria and N&N Administracao de Bens, with all three of them being set up by the player's rather, Neymar Sr.

Brazilian tax authorities are chasing up an amount totalling 63.6m Reais, or €15.5m but due to accumulative interest, with the fine now equivalent of a whopping €46m.

However, the 24-year-old can lodge an appeal with the CARF Administrative Council in Brasilia, although it is not yet clear whether he will choose to do so as neither Neymar of Barcelona have commented on the matter as yet.