Neymar fined 1.2 million US dollars over tax case delays

Published on:

20 Oct 2017, 6:30 pm

Rio de Janeiro, Oct 20: A Brazilian court has fined footballer Neymar 3.8 million reais ($1.2 million) for attempting to “obstruct the continuity” of a tax evasion case. The pelty applies to the Paris Saint-Germain player, his parents and three companies that mage his finces, according to the federal regiol court.

Judge Carlos Muta said Neymar and his representatives acted in “bad faith” by using appeal processes to delay a fil judgment.

Neymar’s representatives were not immediately available for comment.

In 2015, a local court froze assets belonging to the Brazilian worth 192.7 million reais ($607.24 million) to ensure the payment of outstanding taxes and possible fines. The 25-year-old is accused of evading 63.6 million reais ($20.04 million) in taxes from 2011 to 2013 by using front companies to hide the true value of his income.

Most of the amount relates to Neymar’s controversial transfer to Barcelo from Santos in 2013. IANS

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