Serie A clubs will be heavily affected by the directives from the Revenue Agency, who are shattering the plans of Italian teams counting on taking advantage of the Growth Decree.
The Italian clubs were given a fiscal boost on the transfer market when the Growth Decree made calcio a tax haven for foreign talent and had concrete effects on the club’s budgets and balance sheets.
Serie A clubs will be heavily affected by the directives from the Revenue Agency, who are shattering the plans of Italian teams counting on taking advantage of the Growth Decree.
The Italian clubs were given a fiscal boost on the transfer market when the Growth Decree made calcio a tax haven for foreign talent and had concrete effects on the club’s budgets and balance sheets.
The Revenue Agency blocked the tax discount of 50 per cent on the gross salaries of players and coaches from abroad and the block will be valid until the enactment of the implementing decree by the Government.
The Government are yet to announce their position on the matter, but the Revenue Agency are set to block the effects of the growth decree and the tax discount of 50 per cent. It will also apply for those who haven’t lived in Italy for the last three years and move their fiscal residency to the country for at least two years.
Without diving too far into the bureaucracy of the blocked Growth Decree, Il Corriere dello Sport explains the impact this turnaround could have on Serie A clubs.
Juventus had benefited from the relief with the salaries of Cristiano Ronaldo, Matthijs de Ligt, Adrien Rabiot, Danilo and Aaron Ramsey.
The tax relief block will cost Milan for their deals with Rafael Leao, Zlatan Ibrahimovic, Leo Duarte, Ante Rebic, Simon Kjaer and Alexis Saelemaekers.
Inter are heavily affected too, as the Growth Decree helped them save on heavy salaries for players like Romelu Lukaku, Christian Eriksen and Achraf Hakimi.
Whilst Roma will suffer an impact for the signings of Henrikh Mkhitaryan, Pedro Rodriugez, Chris Smalling, Borja Mayoral and Pau Lopez.