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SBD Global/June 4, 2014/Finance

Barcelona Facing Tax Evasion Charges Over Neymar Transfer; Rosell Called To Testify

Spanish judge Pablo Ruz received a report from the Spanish tax authorities that concluded that Barcelona did not pay €9.1M in taxes when it signed Neymar last summer, according to AS. Ruz has "called former Barcelona president Sandro Rosell to testify on June 13." Barcelona "already paid" €13.5M when it was "accused of fraud, but this payment came after the judicial proceedings had begun." The Spanish tax authorities' report claimed Barcelona committed tax fraud when it did not declare its payments to "organizations associated with the player" of €10M in '11 and another €27.9M to finalize the signing in '13. Spain's penal code "establishes a sanction equal to six times the amount defrauded." If Barcelona is "convicted of the charges, the club would have to pay, in addition the €9.1M supposedly defrauded, a fine that could reach" €54M ($73.6M) (AS, 6/3). REUTERS' Tim Hanlon reported Ruz "called for representatives of the club and Rosell to appear in court on June 13." A court order said that they will be asked to "quantify the amount withheld by FC Barcelona for the income payable in relation" to Neymar for "Income Tax of Non-Residents (IRNR) and (regular) income tax" (REUTERS, 6/3).
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