It has been reported that Spanish tennis star Carlos Alcaraz, currently ranked world number two, is expected to pay approximately €1,040,936 in taxes on the prize money he received from winning the “Roland Garros” tournament. This figure represents about 40.8% of his total winnings.
Out of the €2.55 million prize fund awarded to Alcaraz for his victory, taxes will be applicable in both France, where the tournament was held, and Spain, his country of residence. The combined total tax liability is projected to be around the €1.04 million mark, aligning with the stated 40.8% percentage of his prize funds.
In France, Alcaraz is obligated to pay a non-resident income tax. This specific tax rate is 15% of the prize amount won at “Roland Garros”, calculated to be approximately €382,500. Subsequently, in Spain, Alcaraz`s income earned from professional activities will be subject to personal income tax. Spanish tax calculations will allow for certain deductions related to expenses such as living costs, his coaching team, and other permissible professional expenditures.
