Original Research

Income tax implications from the transfer of soccer players in South Africa

Siphamandla Makhaya, Lizanne Barnard
Journal of Economic and Financial Sciences | Vol 10, No 1 | a9 | DOI: https://doi.org/10.4102/jef.v10i1.9 | © 2017 Siphamandla Makhaya, Lizanne Barnard | This work is licensed under CC Attribution 4.0
Submitted: 06 December 2017 | Published: 06 June 2017

About the author(s)

Siphamandla Makhaya, University of Johannesburg, South Africa
Lizanne Barnard, University of Johannesburg, South Africa

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Abstract

Sports clubs often trade players with each other through the player transfer system. Using the doctrinal research methodology, which involves an extended review of literature, the study aims at providing an interpretative analysis of the income tax implications from the transfer of professional soccer players between professional soccer clubs, based on the Income Tax Act 58 of 1962 (South Africa, 1962) (hereafter the Act) and the relevant case law. This study further provides hypothetical case studies that provide different scenarios of soccer player transfers and the analysis of the income tax implications arising from the facts presented in each case study.

Keywords

Transfer fees; player rights; player transfer process; sports industry tax; professional soccer players; professional soccer clubs; income taxes.

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