Not only that, it’s a problem for the ‘Bats.’ Valencia has the highest tax rate of all Spanish clubs. That’s why it’s difficult to retain players.
“In our municipality, we have the highest personal income tax rate of 54%. The exception is the first year, when it’s 19% if you are not a Valencian citizen or a resident of the community. Madrid has a 9% lower personal income tax rate. If our team were to play and pay taxes in Madrid, it would cost us 1.3 million euros less.
If we were to extend contracts with players for the next season, the difference would be even greater because several players are considered newcomers to the Valencia community. In Vitoria, the tax is five to six percent lower, but they have a tax exemption of 300,000 euros.”