Sad News ! – Agent confirms Sanchez’s £900,000 tax fraud allegation, likely to face 1-year jail – Arsenal Banter

Sad News ! – Agent confirms Sanchez’s £900,000 tax fraud allegation, likely to face 1-year jail

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Alexis Sanchez’s agent has strongly denied accusations of the Arsenal star committing tax fraud during his time at Barcelona.

According to El Periodico, the Chilean is being investigated by the Spanish authorities for allegedly failing to pay income tax on earnings of nearly £900,000 in 2012 and 2013.

Sanchez is accused of using Numidia Trading, a company based in Malta which the Chilean owns a 99% stake in, to receive payments for his image rights.

Sanchez allegedly failed to pay income tax on his income from image rights which totalled £531,325 in 2012 and £357,816 in 2013.

The statement from Sanchez’s agent. Fernando Felicevich, read:

1. Alexis Sanchez has fully complied with each and every law in all the countries he has resided in, so he has paid all the taxes to the relevant local authorities. Likewise, all his personal income and the ones related to his image right have been declared to the different national authorities.

2. The declaration from the Spanish revenue office is based on an interpretative change in criteria of the Spanish regulation that allows the payment of image rights to athletes through a company, as long as it doesn’t exceed the 15% of the total payment made by the club. Now the Spanish revenue office understands all income needs to be assigned in full to the physic person despite of the recognition of the tax law and the collective bargaining agreement of said percentage”

3. This new interpretation (of the law) is affecting the way of declaring the income from image rights received or receive by athletes from their clubs in Spain, being Alexis another one of the players affected by this change in criteria.

4. Alexis has declared and paid all perceived income. The eventual unfulfilment – that any case should be confirmed – has been motivated by the tax payments to revenues other than the Spanish, which has not recognized the validity of such payments, despite they are far superior than the ones stipulated by the Spanish legislation.

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