Italian financial newspapers report the timing of Cristiano Ronaldo’s move from Juventus to Manchester United will enable him to save huge amounts on taxes.
The player had one year left on his Juve contract when pushing hard to leave this summer, finally completing the move to Old Trafford on transfer deadline day.
Il Sole 24 Ore, the Italian equivalent of the Financial Times, outlined there are some very good reasons outside the sporting sphere why Ronaldo made his career choices.
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.
Incredibly, the only country where he’d get an even better tax break is in the UK thanks to his Res Non-Dom status, as Il Sole 24 Ore claims 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, he agreed to pay €19m to settle a tax fraud case in Spain.
Cristiano Ronaldo e il Manchester United: un capolavoro per evitare le tasse https://t.co/F7vI6VayVY pic.twitter.com/6mkAvi0mK6
— IlSole24ORE (@sole24ore) September 4, 2021
Ronaldo will find it hard to persuade the taxman that he is a non dom while playing for a British football club.
Who cares!
I thought thos was football italia not EPL daily.
If he isn’t resident in the UK for tax purposes, then he must be resident *somewhere* and presumably will pay tax on that income *there*… right? I mean if I became resident in Italy and worked my UK job remotely, and lived in the UK 5 months of the year, I wouldn’t pay any income tax in the UK but I would pay it in Italy.
I am glad he is getting a tax break, maybe he can use the money to buy another super car or a bigger yacht.
Thank God they help him to Pay less tax, would be unfair with CR7 if it would be any different.
@Burky😂😂😂
If Donald trump was president and didn’t pay tax why should Ronaldo ?