Free article section

You are reading a Free article. Apply for a subscription to access all the valuable information on the website Sports Law & Taxation

PORTUGUESE GOVERNMENT GRANTS TAX EXEMPTION FOR UEFA EURO 2004

The Portuguese Government has granted a total exemption on Personal Income Tax (Imposto sobre as Pessoas Singulares) on income earned between 1 January and 31 July 2004 by non-resident football players, coaches and other agents involved in the European Football Championship to be held in Portugal this summer (Decree – Law 30/2001). This special tax regime has been created to avoid the taxation of non – resident individuals participating in UEFA EURO 2004 that otherwise could be subject to Portuguese taxation. In fact, in accordance with the Portuguese Individual Income Tax, the employment income earned by a non-resident individual is subject to a withholding tax at a final rate of 25% if the work is physically performed in Portugal. An individual is considered to be a resident of Portugal if he is present in Portugal for more than 183 days in any calendar year. However, these tax benefits are creating a strong controversy in Portugal due to their discriminatory effects among players. The national team, for instance, is composed of both resident players (like Ricardo, Rui Jorge or Deco) and non-resident players (such as Figo, Rui Costa, Pauleta or Cristiano Ronaldo) and only the latter would be able to benefit from the tax exemptions. In addition, these tax incentives have been further criticised for the fact that they cover a period of seven months (and not only the period of approximately thirty days when UEFA EURO 2004 will be played) and also because they include all types of income and not only the income directly related to the Championship. Finally, the entities organizing the UEFA EURO 2004 in Portugal as well as the National Football Associations of the countries participating in the event will also be exempt from Portuguese Corporate Income Tax on any income received between 1 January and 31 July 2004.
The Journal

Global Sports Law and Taxation Reports feature: articles; comparative surveys; commentaries on topical sports legal and tax issues and documentation.

The unique feature of Global Sports Law and Taxation Reports is that this Journal combines for the first time up to-date valuable and must-have information on the legal and tax aspects of sport and their interrelationships.

TheĀ Editors

The editors of  the Journal Sports Law & Taxation are Professor Ian Blackshaw and Dr Rijkele Betten, with specialist contributions from the world's leading practitioners and academics in the sports law and taxation fields.

The Editors

Managing editor
Dr. Rijkele Betten

Consulting editor
Prof. Dr. Ian S. Blackshaw

Editorial board

Prof. Guglielmo Maisto
Maisto e Associati, Milano

Dr. Dick Molenaar
All Arts Tax Advisors, Rotterdam

 

Mr. Kevin Offer
Hardwick & Morris LLP, London

Mr. Mario Tenore
Maisto e Associati, Milano

Address

Nolot BV
St. Jorisstraat 11
5211 HA  's-Hertogenosch
This email address is being protected from spambots. You need JavaScript enabled to view it.