The top court of Spain annuls a 2.1 mln euro fine on Barcelona's Pique

The top court of Spain annuls a 2.1 mln euro fine on Barcelona's Pique ...

Madrid, Dec 22, - Spain's governing body annulled a two--million euro ($2.7 million) fine for 34-year-old defender Gerard Pique in 2016 in response to a dispute over his tax returns in 2008.

The Supreme Court ruled that Pique could deduct the tax in Spain for the contribution he paid to social security in Britain a decade ago, according to a court document released on Wednesday.

If employees' contributions to the state of the Union are obligatory, they must be considered deductible for income tax.

During the time in question, Britain still was in the Union.

A court's spokesperson couldn't immediately say if Pique paid the fine. The court spokesman declined to comment.

According to the court statement, the ruling sets a precedent, meaning it could affect other athletes in a similar situation.

The Supreme Court ruled in favour of Pique and determined the legitimacy of a company he had founded with his brother to manage his image rights. The court said the company isn't a shell, but rather a legitimate business.

Pique's long-term partner, Colombian singer Shakira Mebarak, is involved in a tax dispute with Spanish authorities and the Colombian authorities.

A prosecutor said that she lived in Spain between 2012 and 2014 and didn't pay one thousand thousand euros in tax on income earned during that period. Her lawyers say she didn't live in Spain during those years.

$1 = 0.8845 euros)

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