“Mbappé Law” brings him closer to Real Madrid

Signs are increasing about the imminent deal with Paris Saint-Germain star Kylian Mbappe moving to Real Madrid next summer..

The newspaper “Le Parisien” quoted the Spanish “Nacional” that the Madrid government is in the process of approving a law that grants tax benefits that exempt foreign citizens in the Spanish capital from regional income taxes..

She added, “This law was called the Mbappé Law, and it also reminds us of the Beckham Law issued in 2005, which was adopted throughout Spain.”

She explained that the new law is in the process of being adopted in the Madrid Parliament easily, because it enjoys great support from the People’s Party, which has an absolute majority in Parliament..

The newspaper indicated that this law may be issued before Mbappe’s possible arrival to Real Madrid early next July, and some may think that it is allocated to the French star, but it is not so because this law has been supported by the right-wing party in Madrid for years..

She noted, “According to this law, the French player will pay an income tax of 24.5%, a rate that is only 1.7% higher than the Madrid citizen whose annual income ranges between 12 and 18 thousand euros.”

She also stated that this ideal support suits those with high incomes in the Spanish capital compared to other cities, because Mbappe will be subject to a 50% tax if he signs for a team in Catalonia, that is, double the taxes imposed in Madrid..

She concluded that this law aims to encourage private investment in Madrid, and 30,000 foreigners could benefit from it in exchange for a deficit in the general budget..