Barcelona's Neymar claims 'great victory' after Brazil court halves multi-million euro tax fine

Barcelona superstar Neymar claimed 'a great victory' on Thursday after seeing a 50 million euro fine imposed by Brazilian tax authorities reportedly halved on appeal.

AFP March 17, 2017 14:13:09 IST
Barcelona's Neymar claims 'great victory' after Brazil court halves multi-million euro tax fine

Rio de Janeiro: Barcelona superstar Neymar claimed "a great victory" on Thursday after seeing a €50 million euro fine imposed by Brazilian tax authorities reportedly halved on appeal.

Neymar, who has also been fighting a legal battle over his transfer from Santos to Barcelona in 2013, had argued that he was within his rights to have his family control his lucrative image rights.

Brazilian prosecutors had insisted that such a procedure encouraged tax evasion.

Barcelonas Neymar claims great victory after Brazil court halves multimillion euro tax fine

File photo of Neymar. Reuters

The new financial calculation has not been made, but the Folha de Sao Paulo newspaper estimated on Thursday that the original fine of 188 million reais (about €50 million euros) imposed in March 2016 could be halved.

"We won a great victory, which belongs to God. Our family businesses have been recognised as legitimate," the player's father Neymar Santos said on social media.

On Wednesday, a financial appeals court (CARF), a body linked to the Economy Ministry, quashed two convictions against the player in relation to irregularities in the payment of taxes on deals through two companies created by his father. However, three other convictions were upheld.

Neymar has also been fighting lengthy legal battles over his move to Barcelona in 2013.

Barcelona had originally published the transfer figure as €57.1 million euros, with €40 million euros of that given to the player's family.

But Spanish authorities believed the true transfer figure was at least €83 million euros.

In December last year, a Spanish court ratified a deal that left Barcelona with a 5.5-million-euro fine but avoiding trial on tax evasion charges over the contested 2013 transfer.

Updated Date:

also read

LaLiga: Vulnerable Barcelona, Real Madrid ready for first El Clasico of the season
Sports

LaLiga: Vulnerable Barcelona, Real Madrid ready for first El Clasico of the season

Real Madrid travel to Barcelona for the first Clasico of the LaLiga season with both clubs struggling to keep momentum.

Champions League: Time is now for Barcelona as bid for European recovery begins
Sports

Champions League: Time is now for Barcelona as bid for European recovery begins

The last time Barcelona failed to reach the knock-out stage of the Champions League was in 2003.

Champions League: Barcelona 'have to win' against Dynamo to reach knockouts, says Ronald Koeman
Sports

Champions League: Barcelona 'have to win' against Dynamo to reach knockouts, says Ronald Koeman

After losing 3-0 to both Bayern Munich and Benfica, Barca sit bottom of Group E with two games against Kiev up next, the first at Camp Nou on Wednesday.