The announcements of the executive vice president of Dinamo, Zdravko Mamić, that the Zagreb club will earn around 50 million euros if he sells Luka Modrić along with Eduardo da Silva and Vedran Ćorluka, seem to have caught the attention of the Ministry of Finance. Thus, Dinamo can expect, as we learn from our sources, an inquiry from the Ministry of Finance regarding how much money each party received from Eduardo’s and Ćorluka’s transfers, writes Novi list.
The exact amounts of the transfers are not known, but media speculate that the Brazilian Croat moved to Arsenal for 23 million euros. For Ćorluka, figures ranging from 15 to even 25 million euros are circulating. Depending on that, our interlocutors in the ministry say, tax will also be levied on that income. Eduardo and Ćorluka are tax residents in England as they are expected to spend more than six months there. Taxpayers in Croatia could be Dinamo and Mamić’s management agency if it also earned something from Eduardo’s transfer. Which taxes and at what rate the state will collect on these transfers is still unknown. The ministry will decide on this when the transactions are completed and when it receives responses to its inquiry.
The exact amounts of the transfers of Eduardo (to Arsenal) and Ćorluka (Manchester City) sold so far are not known, but media speculate that the transfer of the Brazilian with a Croatian passport amounted to up to 23 million euros. For Ćorluka, figures of around 25 million euros were circulating, but the actual amount is certainly much lower, according to sources from the UEFA website, around 15 million euros. Interestingly, however, Manchester City on Wednesday, in addition to Ćorluka, bought two more players for whom the transfer amounts were officially announced, but the earnings of the now former Dinamo player and his former club remained a secret. However, this should not remain a secret for tax authorities, who have requested precise data on Dinamo’s recent lucrative transfers.
However, if the mediation in the sale of players is understood as providing a certain service, then VAT would be paid on it, i.e., the tax would be collected at a rate of 22 percent. Ultimately, at the end of the year, when the accounts of income and expenses are settled, the state can always collect profit tax on the earnings from the sale of players. Whether this will actually happen or whether football clubs and managers will continue to be overlooked will be shown by the annual tax settlements. (Novi list)
