The tax authority (AT) cracked down on the contracts between Fernando Santos and the Portuguese Football Association (FPF) and ended up demanding the coach pay another € 4.5 million to the IRS. These are the years 2016 and 2017, when Fernando Santos received almost EUR 10 million from the union through the company, after he had declared and paid the taxpayer an annual salary of EUR 70 thousand (EUR 5 thousand per month). Fernando Santos appealed to an arbitration tribunal represented by Morais Leitão, who has been with him since at least 2014.
For the tax authorities, the way in which Fernando Santos received FPF income and wages – through a private company – was artificial and designed mainly to reduce taxes. In September 2014, when Fernando Santos rose to lead the A-Series, he did not sign a personal employment contract. A few months earlier, in January 2014, he founded a company, Femacosa, of which he became CEO, and it was for this company that the Association agreed to provide services to both the voter and his assistants.
A unique article for subscribers
We value free and independent journalism at Expresso
Did you buy espresso?
Enter the code in E Magazine to continue reading