A Brazilian court has found FC Barcelona forward Neymar guilty of tax fraud and ordered him to pay NZ$74.4 million in back taxes, interest and penalties, local media have reported.
The ruling, which was handed down on March 4, according to the daily Folha de Sao Paulo, found that the 24-year-old Brazilian failed to pay all the tax he owed on income stemming from his contractual relationships with Barcelona, Brazilian club Santos FC and sportswear giant Nike.
The administrative court in Rio de Janeiro ruled that Neymar used three companies linked to his family to avoid the payment of taxes between 2012 and 2014.
The remaining amount he was ordered to pay corresponds to interest and penalties.
Prosecutors said the player sought to benefit from a lower tax rate by fraudulently declaring money he received from his signing by Barcelona in 2013 to be income earned by his family's companies.
Neymar also failed to report income from publicity and image rights deals and other contracts signed with FC Barcelona and other companies between 2011 and 2013, according to Brazilian tax authorities.
The tax, interest and penalties Neymar has been ordered to pay are exactly equivalent to the amount of Neymar's assets a judge ordered frozen last September.
Neymar may still appeal the ruling to the Federal Administrative Council of Tax Appeals, or CARF, a division of Brazil's Finance Ministry that is responsible for imposing fines on tax evaders.
Reuters
