Arbitrators are required to bill for all services they provide. The AT’s understanding, expressed in the statutory information dated April, relates to a training grant awarded to a referee by a sports association.
The issue raised by the tax authorities was whether educational grant funds provided by an athletic association were subject to IRS tax and green checks.
AT has confirmed its understanding that payments of scholarships and compensation when using powers delegated by the relevant federation, up to a limit of €2,735 per year, are excluded from taxation but must be declared to the IRS and an appropriate green receipt issued. AT also reminds that funds paid by sports associations, even in the form of grants for sports training, must be made within the framework of delegation of powers to federations.
Author: Miguel Alexander Gagnan([email protected])
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.