Costa News Spain Breaking News | English News in Spain.
CARLOS Alcaraz’s stunning victory over Jannik Sinner in Sunday’s French Open not only brought joy to Spanish tennis fans, but also to the taxman who will pocket over €1.1 million.
The 22-year-old from El Palmar, Murcia not just successfully defended his title but received prize money of €2.5 million while Italy’s Sinner got €1.2 million.
Alcaraz had to pay state and regional income tax, also known as IRPF.
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As the player still has his official address in El Palmar in the apartment of his family, he must pay tax to Murcia and to the national government.
Experts have said that this number would fall to 45% if he were to live in another region like the Madrid area.
TaxDown tax expert Aitor Fernandez said that in Spain, the combined state and regional income taxes can lead to more than 45 percent of the money ending up in the Treasury’s hands.
Even the best athletes in the world need to plan their taxes well, he said.
Fernandez says that it’s not important to talk only about the amount of money the athletes receive, but how much they actually get.
Carlos Alcaraz spent a few days in Ibiza with his friends before starting the grass-court season.
The Queens Club in London and his attempt to win Wimbledon for the third time is what he’s focusing on.
