Income tax exemption for bonuses paid to Athens 2004 Olympic and Paralympic medallists
Article 5 of the 2005 Finance Act exempts from income tax the bonuses paid by the State, after the opinion or decision of the national high-level sport commission, to athletes who won medals at the 2004 Athens Olympic and Paralympic Games. The exemption follows those granted for Sydney and Salt Lake City and covers disabled athletes.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
Athens Olympic and Paralympic medallists do not declare their State bonuses in their 2004 income.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle