Barring a U-turn, Serie A will stop enjoying fiscal benefits on the wages of foreigners transferring to Italy. The government decided to tweak the measure in its latest budget, excluding most footballers. It will come into effect on January 1st. It will apply retroactively to those who joined last summer, Calcio e Finanza reports.
The cabinet set a €600k limit to the annual income of those who can utilize the instrument. Players generally make well above such a threshold. The clubs have been enjoying a 50 percent discount on the gross salaries, often leading to higher net ones.
Other than impacting the future moves, the amendment will have significant ramifications for the clubs that signed a few foreigners last summer. Their costs on the balance sheets will swell up. For instance, Milan would have saved handedly on Ruben Loftus-Cheek, Tijjani Reijnders, and Christian Pulisic’s wages. The same goes for Napoli concerning Jesper Lindstrom, Jens-Lys Cajuste, and Natan, and Roma for Houssem Aouar and Evan N’Dicka.
Romelu Lukaku isn’t on the list since the benefit isn’t tied to the team but to the fiscal residence, which he transferred back to Italy when he returned to Inter. The Player’s Association routinely denounced the provision, lamenting it penalized Italian footballers. Serie A sides will likely lobby to block the retroactivity of the restriction that would cause a financial bloodbath.
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