Brazilian President Luiz Inacio Lula da Silva has issued an executive measure exempting Olympic and Paralympic medallists from income tax on their prize money, according to a statement published in the official gazette on Thursday.
The tax exemption applies to prize winnings awarded by both the Brazilian Olympic Committee (COB) and the Brazilian Paralympic Committee (CPB) at the Paris Games.
The new regulation will take effect from July and covers the ongoing Paris Olympics and the August 28-September 8 Paralympic Games.Brazil have so far won 14 medals at the Paris Olympics, comprising two gold, five silver and seven bronze in six disciplines – athletics, boxing, artistic gymnastics, judo, skateboarding and surfing.
Source: Supersport
In other news – The Market Theatre pays tribute to Connie Chiume
Thursday, 08 August 2024, Johannesburg, South Africa – The Market Theatre Foundation is deeply saddened by the passing of the legendary thespian, Connie Chiume.
The internationally acclaimed actress, theatre veteran and philanthropist, whose remarkable work spanned the world for over five decades, was known for roles in notable films and television shows such as Black Panther, Black Is King, Blessers, Yizo Yizo 2, Zone 14, Rhythm City, and Gomora. Read more
