Neymar fined €45m for Brazil tax fraud
The judge at a federal court in Rio de Janeiro on Friday announced Barcelona star Neymar guilty of crucial tax fraud for failure to report earnings from his official contracts with Santos, Barcelona and Nike and ordered him to pay 188.8 million Brazilian reals (€45.9m) in form of fines and back-taxes, according to the Brazil newspaper Folha de S. Paulo.
Neymar can appeal the ruling though. According to the court documents, Neymar apparently used his businesses (Neymar Sport e Marketing, N & N Consultoria, N & N Administracao de Bens) to avoid paying €56.4m between the years 2012 and 2014.
The judges examining the case strongly allege that false contracts were created to avoid deliberately paying the full taxes. The court just last year froze assets related to Neymar valued at about an enormous 189 million Brazilian reals ($48m, €42m) because of the raging allegations of tax evasion.
“We studied the information regarding the tax case in question, Neymar, the three businesses and his business partners [parents of the player] and we found that there were fraudulent business practices,” wrote Develly Claudia Montez, who performed the audit for the court.
Neymar is also undergoing investigation in Spanish court over his famous transfer from Santos to Barcelona back in 2013. Earlier this year he testified in court accompanied by his father and the former and current Barcelona presidents as well. Neymar had been fined earlier over the unpaid taxes in Brazil and the decision was pending further appeal.
Neymar denied any sort of wrongdoing. A post on his official Instagram account in February showed a photograph of the player with a biblical quotation featuring: “Christ gives me the strength to face anything”.
The asset freeze was first imposed by the court itself last September with the player’s appeal courted against that decision since having been rejected.