Red Star Belgrade settles €13m of government tax debt

March 23 – Serbia’s Red Star Belgrade has settled all its debts to the state, according to Zvezdan Terzič, general director of the club.

Red Star had debts of €13 million but settled them with the money that they received from UEFA for its participation in the European club tournaments.

“At the end of December 2022, we paid €5million tax debt, and today another €8 million. A total of €13 million or (1.5 billion dinars) were entered into the budget of the Republic of Serbia this season,” said Terzič.

Terzič  thanked the state for understanding the late payment and allowing it to be extended. The general director of Red Star also added that 85% of the club’s income comes from abroad.

“One part of the debt to the state was accumulated by the previous administrations, and the rest is due to the disruption of the market due to the coronavirus pandemic. We know that paying tax to the state is the greatest proof of patriotism, and that’s why we are proud that, as a responsible group, we fulfill our duties in this way. As sports ambassadors of Serbia, we are proud to represent the country even in European club tournaments for the seventh year in a row,” comments the CEO of Zvezdan Terzic.

Red Star currently leads the Serbian league and is almost certain win the title and qualify for the next edition of the Champions League.

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