Ney­mar scores early goal in tax fraud case

New Straits Times - - Sport -

BRASILIA: A Brazil­ian tax ap­peals court ruled on Wed­nes­day that Barcelona for­ward Ney­mar could cede his im­age rights to fam­ily busi­nesses and dis­missed charges by fed­eral au­di­tors that they were front com­pa­nies set up to dodge taxes.

Ney­mar still faces other rul­ings by the court on charges of evad­ing Brazil­ian taxes on his con­tro­ver­sial 2013 trans­fer to Barcelona.

The ini­tial rul­ing, how­ever, will halve the penalty of 200 mil­lion reais (RM288 mil­lion) in fines, back-taxes and in­ter­est that Brazil’s tax of­fice had slapped on the foot­ball star, his lawyer Mar­cos Neder told re­porters.

Brazil’s fed­eral tax of­fice charged the soc­cer player in 2015 with evad­ing 63 mil­lion reais in taxes due on in­come earned from San­tos and Barcelona and spon­sors be­tween 2011 and 2014. Ney­mar ap­pealed last year.

Au­di­tors failed to prove their case to the ap­peals court that Ney­mar should have paid in­di­vid­ual in­come tax of 27.5 per cent on the earn­ings in­stead of the lower cor­po­rate tax rate he used in tax re­turns.

Once the tax of­fice case is de­cided, fed­eral pros­e­cu­tors are ex­pected to charge Ney­mar and his fa­ther in crim­i­nal court for tax eva­sion and fraud. Reuters

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