Search thinkSPAIN.com for  in 
ThinkSpain Guide
spain jobs
backprinttell a friend

Tax increases for high-earning footballers
By:
ThinkSpain , Wednesday, November 4, 2009

Foreign footballers playing in the Spanish Liga who earn more than 600,000 euros a year will soon be paying 19% more tax thanks to a change in the rules approved today by parliament.

The rule change means that players who come to Spain and earn more than 600,000 a year will soon be paying non-resident tax of 43% rather than the 24% they've been paying up til now.

Economy Minister, Elena Salgado (pictured), explained that the new rules will apply only to contracts drawn up for more than 600,000 euros per annum after January 1st 2010.  Those players who currently earn in excess of that amount can carry on paying only 24% tax for the next five years.

The Liga de Fútbol Profesional (LFP) has called an Extraordinary General Assembly for next Friday to discuss the issue, complaining that the new measures will make Spain less competitive when it comes to signing the best players, which in turn would do "irreparable damage to Spanish football" and would "take away the power of the Spanish league and stop it being the best league in the world".

But Salgado insists that "the current situation is not reasonable, and the current tax system was not designed specifically for footballers, but rather for scientists and creative people, the ones Spain needed to attract and hold on to for at least five years".

The new 43% tax rate would make the Spanish system much more similar to the Italian and German tax systems.  Any Italian footballer who earns more than 75,000 euros a year has to pay 43% tax, just like any other Italian citizen and in Germany, footballers' earnings that exceed 250,000 euros per annum are taxed at 45%.  France is currently debating changes to its tax system and a decision will be made in the coming weeks.

 
Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest ThinkSpain News
Zapatero sends Christmas wishes to troops in war zones
Politics & People - (24/12/2009)
Christmas makes us put on half a stone
Food & Drink - (24/12/2009)
Emergency services flat-out as wind and rain ravages Costa
Environment/Nature - (24/12/2009)
 
Latest Business/Economy articles
Disgruntled Air Comet passengers blockade Madrid airport
Madrid  - (22/12/2009)
Ferrovial's BAA wins airport sales appeal
Spain  - (21/12/2009)
BA strike ruled illegal
Spain  - (17/12/2009)
 
  back
Follow thinkSPAIN on
Facebook Twitter
 
 
 
 
Spanish news archive Costa Blanca news Costa del Sol news Alicante news Castellon Valencia news Barcelona news Catalonia Costa Brava news Madrid news Tenerife news Canary Islands Malaga news Marbella news Andalucia news Sevilla news Costa Almeria news Murcia news Costa Calida Aragon news Asturias news Balearic news Mallorca Menorca news Ibiza Basque news Bilbao Cantabria news Castilla La Mancha news Castilla Leon news Extremadura news Galicia news La Rioja news Navarra news Spanish Travel Tourism news Spanish Property Spain directory services Spanish A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Jobs in Spain Postcodes Spanish weather Spain History Spanish Culture Flamenco dancers Sevillanas Bullfighting bullfight bull fighting matador bullfighter Spanish Education Spain Schools Facts about Spain Clubs in Spain mortgages Spanish bank Spain banking Spanish banks Spain inheritance Spanish wills Spanish healthcare in Spain Working in Spain work Spanish employment Driving Spain cars Spanish car Spain Tax & Spanish Residency Property in Spain for Sale Spanish property to rent Spain holiday lets Spain news Spanish Properties Spain info SpainSave costa blanca 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 costa del sol 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 local news/info Spanish estate agents Off Plan property Spain | costa blanca property sales properties for sale real estate costa blanca villas | costa del sol property sales properties for sale real estate costa del sol villas | costa de la luz property sales properties for sale real estate costa de la luz villas | costa brava property sales properties for sale real estate costa brava villas | costa almeria property sales properties for sale real estate costa almeria villas | costa calida property sales properties for sale real estate costa calida villas | costa valencia property sales properties for sale real estate costa valencia villas | costa azahar property sales properties for sale real estate costa azahar villas | costa dorada property sales properties for sale real estate costa dorada villas | costa garraf property sales properties for sale real estate costa garraf villas | costa maresme property sales properties for sale real estate costa maresme villas | costa vasca property sales properties for sale real estate costa vasca villas | costa verde property sales properties for sale real estate costa verde villas | costa da morte property sales properties for sale real estate costa da morte villas
 
© 2003-2009 Think Web Content, S.L. - All rights reserved