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Football-legal
31
Dec
2017
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Francisco BALBUENA DAL FORNO
Financial control
Cases
Brazil
Football Legal # 8

Approval of injunction suspends the effects of excerpt from PROFUT


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Brazilian Federal Supreme Court, Min. Alexandre de Moraes, 18 September 2017, Precautionary Decision within the Direct Action of Unconstitutionality no. 5450
Date of the decision: 2017-09-18

On 18 September 2017, Minister Alexandre de Moraes of the Brazilian Federal Supreme Court (STF), granted a precautionary measure to suspend the devices of the PROFUT that established the downgrade for clubs that have debits with the Union, the Social Security or their athletes.

The Program for the Modernization of Fiscal Management and Responsibility for Brazilian Football - PROFUT, created on 4 August 2015 through Law no. 13,155 of 2015, provided to football clubs and other sporting entities the possibility to pay their federal debts, while, on the other hand, it established rigid fiscal and financial control rules that the clubs would be subject to.

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Topics
  • Financial control
Keywords
  • Financial control
  • National Law
  • Sport entities
  • Tax Law
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Francisco BALBUENA DAL FORNO
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