If Neymar joins PSG, the transfer would revolutionise French football at all levels. While a lot of people are questioning the sense of moving from one of the biggest clubs in the world, in Barça, to PSG, others are focusing on the financial aspect.
Le Figaro is clear in its headline this morning: “If Neymar joins PSG… the State has hit the jackpot” it says before detailing the taxes that would be due on the move.
Leaving aside Spanish law, which after a change in the last few years would not levy income tax or VAT on the transfer, France won’t be so generous. An expert on French tax law Thierry Granturco says the bill would be huge. He says the €222 million would be considered a “salary advance” and PSG would pay the taxes on this amount – around €100 million.
But that wouldn’t be it. A net salary of €35 million a year equates to €62 million gross. Other expert, Pierre Rondeau, calculates Neymar would pay €37.5 million per year: €27 million as income tax plus €10.5 million in social security payments.
If we factor in the effect Neymar could have on PSG’s marketing and ticket sales and the resulting taxes, the tax paid could total more than €300 million over five years.