Monaco football club will have to pay super tax on the wages of players earning more than €XNUMX million a year, after the French government decided the club is no longer exempt from paying it, despite being outside the tax regime in France.
As reported by the French media today, the National Assembly of France decided that Monaco, like other clubs, must pay a super tax, which will be collected by the French football league on behalf of the state.
According to the law, footballers who earn more than one million euros per year were obliged to pay 75 percent of the tax, but after numerous appeals, the French government changed the law and determined that companies, that is, clubs, were responsible for paying the tax.
It is expected that the new law will cover 14 of the 20 clubs in the first French league. The clubs complained that it would add another $20 million to their tax bill.
Paris Saint-Germain, which has spent more than 200 million euros on transfers since being taken over by the Qatari company in 2011, is likely to pay an additional 20 million euros.
The Association of French Professional Clubs has postponed a super tax strike planned for last month.
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