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Madrid-based teams operating with major financial advantage in transfer market

Real Madrid Officials.png Real Madrid officials

Thu, 12 Sep 2024 Source: Apexnewshub

This summer, the tax regulations in Spain have garnered attention due to the so-called 'Mbappe law.' However, it is important to note that teams based in Madrid are already benefiting from a favorable tax environment compared to many other areas in Spain.

Within La Liga, the Community of Madrid boasts the lowest tax rate for high-income earners.

On a national level, there is a uniform tax rate of 24.5% applicable to all individuals in the highest income bracket. Beyond this, regional governments have the discretion to impose additional taxes.

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Source: Apexnewshub