Carlos Alcaraz to Pay €1,181,936 to Spanish Tax Authorities After Roland Garros Victory

Carlos Alcaraz has plenty of reasons to smile. The Murcian tennis player clinched his fifth Grand Slam title this Sunday, his second Roland Garros, in an epic battle against Italy's Jannik Sinner, the world number one. The final, which lasted 5 hours and 29 minutes, granted the Spaniard a victory that, besides adding to his already impressive record at just over 22 years old, will allow him to pocket the €2,550,000 prize for winning the tournament.

However, not all of that money will end up in the Spanish tennis player's bank account, as he will have to pay specific taxes under the national and regional income tax system. Declaring this income on his Spanish tax return means he would have to pay an estimated total (excluding deductible expenses) of €1,181,936, meaning the tax authorities would take 46% of the prize earned over the two-week tournament.

"In Spain, the combination of national and regional income taxes can result in more than 45% of the money ending up with the tax authorities. Therefore, good tax planning is crucial, even for the world's top athletes," explains Aitor Fernández, a tax expert at TaxDown.