Corinthians agree deal to reschedule €192m of tax debt
February 6 – To ease the financial crisis at the club, Corinthians have renegotiated and repackaged debts of R$1.2 billion (€192 million).
The Sao Paulo giants have sealed a tax transaction agreement with Brazil’s National Treasury Attorney General’s Office (PGFN) to settle long-running tax debts, including approximately R$1 billion (€160 million) in non-social security debts, R$200 million (€32 million) in social security liabilities and around R$15 million (€2.4 million) linked to FGTS (employee severance obligations).
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