Brazil court freezes US$48 million in Neymar assets over ‘tax evasion’
A Brazilian court has frozen assets of Barcelona star Neymar, his family and related businesses valued at 188.8 million Brazilian reals (US$48 million).
A Brazilian court has frozen assets of Barcelona star Neymar, his family and related businesses valued at 188.8 million Brazilian reals (US$48 million).
The Sao Paulo federal court said the 23-year-old was alleged to have evaded 63 million reals in Brazil taxes (almost US$16 million) between 2011 and 2013. He moved in 2013 from Brazilian club Santos to Spain’s Barcelona.
If Neymar pays what he owes, he is very likely to be free from any other punishment
In a statement, Judge Carlos Muta said Neymar only declared assets worth 19.6 million reals (nearly US$5 million).
However, Iagaro Jung Martins, an auditor with Brazil’s federal tax agency, said Neymar wasn’t likely to go to jail if he pays what he owes.
“He will be able to discuss the frozen assets in a civil court,” Martins said. “But legislation in Brazil isn’t too harsh. If Neymar pays what he owes, he is very likely to be free from any other punishment.”
Neymar’s father Neymar da Silva Santos, who serves as the player’s business manager, called the charges “unjust”.
