Game, set, tax: The tax challenges of tennis players
Navigating the complex world of tax is one of the greatest challenges facing professional tennis players today. Beyond the physical demands of competing at the highest level, these athletes must manage a labyrinth of tax obligations spanning multiple continents, all while constantly on the move.
Tennis professionals maintain an almost entirely nomadic lifestyle, rarely spending more than a few weeks in any single location. Their annual calendar is a whirlwind tour across the globe —each presenting unique tax implications.
Successfully dealing with these challenges requires players to be proactive in their planning, have meticulous record-keeping, and receive comprehensive advice. Rather than reacting to tax events after they occur, being organised and having proper planning helps to optimise the tax position before any agreements or contracts are signed.
Working with advisors who understand the complete global picture provides not just compliance peace of mind, but delivers substantial benefits through effective strategic planning, and that’s where we can help.