Trouble with the tax authorities for Francesco Totti, former Roma striker, came under the radar of the Guardia di Finanza for an investigation now taken over by the Revenue Agency, for not having paid VAT in the last five years. Totti’s failure to make payments led to the figure rising to 1.5 million euros.
The details.
The VAT in question would be that deriving from the various appearances on TV and in commercials, in fact, in the last five years, when the payments were equal to zero. Once the Revenue Agency asked Totti for the bill, he immediately worried about making amends and paid the debt to the tax authorities. A bad parenthesis for the historic Roma star, who since he left football has seen a long string of well-known brands look for him and sign him.
Taxes paid in part.
But Totti, and those who follow him for tax issues, forgot to simply open a VAT number in order to pay the tax on the fees received from sponsorship contracts and hosted on television. Taxes that Totti, it is fair to point out, paid in part given that the direct taxes on income were paid punctually. But the violation alleged against the former footballer is that of not having respected the regulations for those who lend their image on a continuous basis, even to foreign brands. Reporting it is Football and Finance.