Government defines tax regime for organizers of the 'Final 8' of the Champions League

The Government explains that this proposed tax regime “is in all respects the same as that applied to income earned under Euro 2004, as well as in the finals of the UEFA Champions League and UEFA Women's Champions League competitions in 2014, and of the UEFA Nations League Finals 2019 and UEFA Super Cup Final 2020 ”.

The Government approved this Monday in the Council of Ministers an extraordinary law proposal that establishes the tax regime applicable to the entities organizing the competition UEFA Champions League 2019/2020 Finals.

“Similar to what has been established in similar situations, the Government proposes the approval of a specific tax regime, establishing the exemption from Corporate Income Tax and Personal Income Tax for income earned by companies. non-resident entities associated with these finals, namely the organizing entities, the sports clubs and their players, as well as the participating technical teams ”, can be read in a statement.

The Government explains that this proposed tax regime “is in all respects the same as that applied to income earned under Euro 2004, as well as in the finals of the UEFA Champions League and UEFA Women's Champions League competitions in 2014, and of the UEFA Nations League Finals 2019 and UEFA Super Cup Final 2020 ”.

This diploma also extends until October 31, 2020, the exemption from value added tax for intra-community transfers and acquisitions of goods necessary to combat the effects of the Covid-19 outbreak by the State and other public bodies or by non-profit organizations.

Recommended

Neeleman agrees to leave TAP, but final agreement depends on remaining Azul shareholders

David Neeleman agrees to leave the capital of TAP for an amount between 45 and 55 million euros. But Brazilian company Azul will have to cede the right to convert the 90 million euro bond loan it made to the Portuguese company into capital. Final agreement depends on shareholders of Azul who have yet to assess the condition imposed by the State and “need more time” for a decision, according to a source close to the process.

Tourism sector with losses of at least one billion euros in 2020

The report released at the United Nations Conference on Trade and Development indicates that these losses could reach three billion euros, if the impact on international leisure travel continues until March 2021.

Government wants to close Public Postal Service contract with CTT by the end of the year

The Government guarantees that before closing this contract, there will be a time for public discussion of the document.
Comments