Cristiano Ronaldo would benefit financially if he did not leave Juventus this summer. After joining, he adhered to a very favorable tax break reserved to foreigners and related to earnings generated outside of Italy, Gazzetta dello Sport reports.
The regulation says that people that move to the Peninsula have to pay a €100k flat levy per year on their income from abroad. Lawyer Antonio Longo explained it: “This regimen for new residents has been ideated to attract people with conspicuous revenues and rich net worth. It has proven to be particularly interesting for sports celebrities since a lot of their inflow comes from image rights and sponsorships all over the world.”
In Forbes’ most recent survey, Ronaldo ranked second among athletes from June 2019 to June 2020, where he earned €105M and trailed only Roger Federer. More than half is represented by the gross salary paid by the club, while the rest comes from his personal deals with companies such as Clear, MTG, Altice, Herbalife, Abbott, and DAZN.
Thanks to the tax relief, he paid €100k on over on €40M profits. He would no longer be eligible to apply for it if he did not reside in Italy and no other countries have such a favorable measure. While this aspect could be part of the equation, his future remains up pretty much in the air.
AS reports that the Portuguese ace is “fed up” with Juventus, as it transpired Sunday versus Genoa. Repubblica instead informs that Massimiliano Allegri suggested getting rid of him before being axed because he was blocking the growth of the squad and the club.