Brazilian court has fined 25 year Brazilian footballer and PSG striker Neymar 3.8 million reais ($1.2 million) for attempting to “obstruct the continuity” of a tax evasion case. The parents of Neymar and three family-run companies that administer the player’s portfolio have been fined, according to judicial sources.
Judge Carlos Muta said that the players’ conduct throughout the case “violates the dignity of justice” and fined 1.2 million US dollars.
Neymar is accused of evading 63.6 million reais ($20.04 million) in taxes from 2011 to 2013 by using front companies to hide the true value of his income. Most of the amount relates to Neymar’s controversial transfer to Barcelona from Santos in 2013.
According to the Income Tax Office, the footballer has created many companies to receive part of his salaries and his image rights. By which he doesn’t need to pay his personal tax which is about 28 percent of income and only have to pay corporate tax in the name of his created companies which will be 15-25 percent.
The case rose into public when a complaint was filed by Brazilian supermarket firm DIS, which owned 40 percent of Neymar’s transfer rights.
The investment group claimed that it had received less money than it was entitled to when Neymar joined Barcelona from Santos for 49 million pounds in 2013.
