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The tax authorities demand $4.5 million from Fernando Santos. FPF comes to the defense of the national coach – Atualidade

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The tax authorities demand $4.5 million from Fernando Santos.  FPF comes to the defense of the national coach - Atualidade

The Internal Revenue Service (AT) is demanding that Fernando Santos, the national football coach, pay more than 4.5 million euros to the IRS. The news published by Expresso explains that contracts between the coach and the Portuguese Football Federation (FPF) are at stake, namely the exercises of 2016 and 2017, when the coach received almost 10 million euros from the Federation, having declared and paid the IRS. for an annual salary of 70 thousand euros.

According to the tax authorities, the way in which the coach received and declared his income through a sole proprietorship was artificial and was mainly aimed at reducing taxes.

A few months before Fernando Santos was introduced as the new national selector, he set up Femacosa, where he became managing partner. Thus, the coach did not enter into an individual employment contract, and the Federation hired this company to provide services to both the coach and his assistants.

The two years mentioned correspond to the victory of Portugal in the European Championship, which brought the said company a turnover of about 10 million euros. According to Expresso, 2.5 million euros were transferred to other companies created by MPs.

The breeder’s salary will be paid to him by Femacosa as managing partner and will be 5 thousand euros per month (70 thousand euros per year).

For the tax office, Femacosa has no real content and was created to reduce the tax burden of its main partner in this business, Fernando Santos. If the coach had received an individual employment contract, he would have been placed in a higher income group by the IRS, paying a higher amount of tax. Based on this work, the tax authorities took advantage of the general anti-abuse clause, disqualified the company for tax purposes and demanded another 4.5 million euros in IRS and interest from the selector, discloses To express.

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Femacosa was founded on January 14, 2014. It is a consulting company in the field of trade, import, civil engineering and other activities.

The team’s Euro 2016 campaign went well and the FPF extended the contract by four years. With this extension, Femacosa became eligible for a €750,000 subscription premium.

Over the years, the company has retained and accumulated profits without distributing dividends, and by the end of 2020 (latest available data) reached a net worth of 17.6 million euros.

In 2018, new players appear in Femacosa. The sons, son-in-law and daughter-in-law of Fernando Santos become minority partners, while the national coach retained part of the quotas.

Em joint statement, the Portuguese Football Federation (FPF) and Fernando Santos condemned what they called “a gross and clearly truncated violation of the right to fiscal secrecy,” the statement said. “Fernando Santos not only doesn’t owe a cent to the tax authority, but he has never stopped settling his situation in accordance with the provisions of the law,” adds FPF.

Fernando Santos filed an appeal with the Arbitration Court in the person of Morais Leitao, who has accompanied him since at least 2014.

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A BOLA – Irmãos Lenho teaches sports driving in Viana do Castelo (football)

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A BOLA – Irmãos Lenho teaches sports driving in Viana do Castelo (football)

Thiago Lenyu and his brother Nelson Lenyu, sporting directors of Gil Vicente and Boavista respectively, are guests of honor at the O Dirigente Desportivo training session tonight sponsored by AF Viana do Castelo.

The responsible guilista, who graduated in environmental engineering and postgraduate in management and organization of professional football, shared his experience in those functions, the experience that a chess manager received, who received a degree in management and organization of professional football, as well as postgraduate/international advanced training The technical management of football also left their testimony.

The former was one of the hard workers in the Barcelos team’s sensational campaign, which guaranteed an unprecedented qualification for the European Cups, and the latter played an important role in the calmness with which the chess players achieved consistency.

The event, which takes place in the Centro Empresarial de Viana do Castelo – AIMinho, is moderated by Jorge Dantas, Professor at the Viana do Castelo Graduate School of Education.

Also noteworthy is the presence in the hall of Joao Carlos Costa, Portugal’s assistant coach Fernando Santos.

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BALL – First potential Champions League opponents already known (Benfica)

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BALL - First potential Champions League opponents already known (Benfica)

Finishing third in the league, Benfica advanced to the third qualifying round of the Champions League. This means that Luz’s team will have to go through two rounds to reach the group stage of the Millionaire Contest, similar to what they did last season.

And with most of the European championships already decided, the path the Eagles will have to take is beginning to be determined. For now, Benfica know they will enter the draw as a seed and have two opponents who could get lucky: Sturm Graz (Austria) and Union St. Louis. Giloise (Belgium).

According to the current situation, the Reds will avoid Dynamo Kyiv (who will play in the second qualifying round) and Rangers (who can go straight to the group stage if they win the Europa League). But a reunion between Roger Schmidt and PSV could take place.

The emblem of Eindhoven finished second in the Dutch Championship and also advances to the third qualifying round. However, the status of the Dutch top seed depends on the third place in the French championship (this can be Marseille, which is now in position, or Monaco, which is ahead), the position of Rangers or second-placed Denmark (at the time when Copenhagen is followed by Central Jutland).

See the table with the current situation:

Series heads:

Benfica (odds 61,000)

Rangers (49.250)

Dynamo Kyiv (44000) – or Winner of the second qualifying round match to be played by Ukrainians

Define:

PSV Eindhoven (33000)

Marseille (44,000) / Monaco (26,000) – third in Ligue 1

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Midtjylland (19,000) / Copenhagen (40,500) – Winner of second qualifying round with Danish runner-up

No serial heads:

Storm Graz (7770)

Union St. Gilloise (6.120).

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OFFICER: Sp. Braga confirms departure of Carlos Carvalhal

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OFFICER: Sp.  Braga confirms departure of Carlos Carvalhal

Sp. Braga has just confirmed that Carlos Carvalhal will no longer be in charge, one day after Minho’s side ended the 2021/22 season with a 2-3 loss to Famalicao.

According to a statement published on the club’s official page, it was the coach who informed the club this Monday of his intention to “close the cycle at Sp. Braga and promotion of new sports projects”.

The club recalls the Portuguese Cup, won in the middle of the centenary, and writes that the coach “occupied a special place in the club’s gallery of achievements.”

Full statement:

SC Braga, SAD informs that after the two years stipulated in the contract, Carlos Carvalhal will terminate his association with the Club.

Despite the desire previously conveyed to Carlos Carvalhal to continue the work begun, on Monday the coach announced that he intended to close the cycle at Braga and take up new sports projects.

Winning the Portuguese Cup in the middle of the centenary is an indispensable mark of SC Braga’s 101-year history, ensuring that Carlos Carvalhal’s contribution will have a firm place in the club’s gallery of achievements.

SC Braga thanks Carlos Carvalhal for all the work and dedication he has done in the service of the Club, appreciating the professional attitude as he has always faced his challenges while leading the first team.

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