Aspectos tributários da sociedade anônima do futebolconstituição, operação e relação com os acionistas

Resumo

This study, grounded in applied legal-tax research, examines the core tax issues of the Sociedade Anônima do Futebol (SAF) across the stages of incorporation, operation, and shareholder relations. It aims to propose legally valid solutions that ensure tax neutrality and legal certainty, by means of statutory and regulatory analysis and a problem-solving approach anchored in tax, corporate, and accounting law (legislation, administrative guidance, and precedents), focusing on recurring events and cash flows within the SAF business model. As results, it systematizes the tax treatment of the main incorporation pathways — most notably the spin-off with transfer of football-related assets (drop down) — and of operational flows (revenues, licensing of trademarks and sports facilities, mandatory transfers, dividends, and interest on equity), as well as the effects of the originating club’s shareholding on the exemption regime applicable to associations. The analysis demonstrates that the legal design enables asset reorganizations without immediate tax burden where legal and accounting rules are observed, and that the club’s equity participation does not, by itself, constitute a purpose deviation capable of removing the exemption regime, provided statutory requirements are met. It concludes that: (i) the statutory typification of the SAF and the Football-Specific Taxation Regime (TEF) promote sectoral coherence; (ii) the transition to the IBS/CBS tax system increases the need for normative coordination and robust accounting segregation to avoid residual tax cascading and credit denial; and (iii) the legitimacy of the special regime depends on verifiable counterparts, transparency, and periodic review.

Ficha do documento

Tipo

Dissertação

Ano

2025

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/37833

Temas

Governança

Palavras-chave

Sociedade anônima do futebolAspectos tributários e contábeisRegime tributário específicoTax and accounting aspectsSector-specific tax regimeDireitoClubes de futebol - AdministraçãoSociedades por ações - LegislaçãoSociedades comerciais - ImpostosDireito tributário - Brasil