GSLTR 2012, Issue Nr. 3: Income Tax Planning for Sports Professionals in Cyprus, India, Poland, Turkey, Ukraine and India

The current issue of GSLTR contains interesting tax reports by local professionals on the income tax treatment and tax planning possibilities in Cyprus, India, Poland, Turkey and the Ukraine. As it turns out most of these countries levy income taxes at rather low income tax rates and on top of that levy only limited and capped amounts of social security premiums. The popularity in these countries of the professional sports competitions (notably soccer, but in some countries also for example basketball) is at least not hampered by high tax burdens for incoming professional sportspersons!

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