December 21, 2014
Tennis star says debt has been paid offMonday, August 25, 2014
AFIP investigates Del Potro over tax evasion
Tennis player Juan Martín del Potro is under investigation for alleged income tax evasion that cost state coffers more than one million pesos, judicial sources confirmed yesterday.
Del Potro’s press team immediately responded to the report, saying the tax debt was cancelled in March, and that the complaint was simply protocol to round off the investigation.
The AFIP tax bureau filed a complaint against the 2009 US Open champion at Federal Court I in the Buenos Aires province city of Azul, near the tennis star’s home town of Tandil.
Presided over by Judge Martín Brava, the tribunal will look into whether Del Potro diverted revenue from advertising and cash prizes from tournaments to Bongarden, a company set up by his parents in Uruguay.
AFIP denounced the tennis player had transferred the money to the company “and then it was returned to the tennis player’s net worth via loans contracted with the Uruguayan company.”
The loans “lacked expiration and interest payment dates,” and the amount was declared under his income tax affidavit “to decrease what was tax deductible.”
The tax bureau reportedly reached the conclusion that Bongarden also received US$3.5 million from Del Potro’s sponsors.
“If the tax had been paid off correctly at the right time, Del Potro would have had to pay the state 3.68 million pesos.”
In a release, the tennis player’s press team said “there was no (tax evasion) as the debt was paid definitively on February 22, 2014 (and) AFIP’s investigation was closed on March 31, 2004.”
Herald with DyN