TRANSFERmarketWEB.com
According to Italian financial newspapers, Cristiano Ronaldo’s move from Juventus to Manchester United will allow him to save huge amounts on taxes.
The Portoguese striker had one year left on his Juve contract and he completes his move to Old Trafford on transfer deadline day.
Il Sole 24 Ore explains that CR7 made that choice for very good reasons.
When he first left Real Madrid for Juventus in 2018, he benefited from the Flat Tax introduced by the Gentiloni Government, meaning he only had to pay €100,000 per year on foreign income, such as all of his sponsorship deals.
Tthe only country where he’d get an even better tax break is in the United Kingdom thanks to his Res Non-Dom status. So the newspaper claims that Ronaldo won’t have to pay any tax at all for seven years on his foreign income.
Res Non-Dom stands for non-domiciled status, someone who lives and works in the United Kingdom, but under British law has his permanent home in another country.
In 2019, former Golden Ball agreed to pay €19m to settle a tax fraud case in Spain.
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Source: transfermarketweb.com