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Exemption: Incarnates pay the total of € 2M in the last year, but the gross amount is less in light of the new IRS law. City supports four of the six million euros that the center-back earns in two of the three contract seasons in Luz
When he still had two more years of contract with Manchester City, Nicolás Otamendi signed a contract for three seasons with Benfica in exchange for 15 million euros, but the payment of the Argentine international’s salary will be greatly reduced next to the reds, since the English emblem will support a very substantial part of it.
The central -whose release clause is 30 million euros- earns six million euros net / year in the first two seasons (which he won at City), of which four will be paid by citizens and the remaining two by SAD gives Light. In the third year, paid in full by the people of Lisbon, the gross charge will be lower, however, given the new IRS laws for residents returning to Portuguese soil.
In the aforementioned third year of commitment between the parties, Benfica SAD undertakes to pay an estimated gross amount of around four million euros (of which two million euros are, in practice, tax-free), but this figure up to three million, under the Return Program.
This new legislation that came into force with the State Budgets approved in 2019 allows the application of an exemption that can reach up to 50% in the IRS to residents who have left Portugal in 2015/16 and return in 2019/20 – This is what happened in the case of the Portuguese international Pepe, upon his return to FC Porto after leaving Besiktas, in an operation that took place in January last year.
In addition, and in light of the same law, Nicolás Otamendi will even set a lower salary charge than Rúben Dias himself implied for the coffers of Luz. Is that the defender, who emerged in Portugal in defense of the colors of FC Before leaving for the adventure in European leagues of the first order, Porto is married and has children, unlike the young Portuguese, who is single, a scenario that increases the exemption rate to apply.
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