No Golf but Tax Breaks still given to Sponsors of postponed Valderrama Masters Competition Spain

Teeing off last year Credit: San Roque Council

EVEN though the Valderrama Masters Golf competition has been postponed due to the coronavirus Covid-19 pandemic and may not take place during 2020, it will still be possible for sponsors to obtain tax incentives.

This information was announced by Ruiz Boix, mayor of San Roque under whose auspices both Valderrama and Sotogrande fall.

He explained that the San Roque Council, the Spanish Ministry of Finance, the Andalucian Government and the Andalucia Valderrama Masters Foundation form an official committee to examine expenditure and issue certificates confirming the donation made to help run the event and advertising expenses incurred.

As the competition is considered to be an official event of exceptional public interest, tax incentives will apply.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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