Spanish Clubs’ tax debts down 8 per cent

It has been revealed today that Spanish League clubs have reduced their debt to the tax authorities by 8.2 per cent in the past year. The Tax Agency [AEAT] confirmed in January 2012 that clubs owed €752m in unpaid taxes, a number that by November had dropped to €700m. Following on from that, the AEAT have today revealed that professional clubs from the top division down in Spain now owe €690.4m in tax, marking an 8.2 per cent decrease in 12 months. A majority €535.8m of that debt is owed to the Hacienda [tax office] by the 20 clubs currently in the Primera Division, whilst La Segunda and lower Leagues account for the remaining €154.6m.

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