• FORBES' HIGHEST-PAID ATHLETES 2022: 1) Lionel Messi (football) - $130 million: On-Field: $75m | Off-Field: $55m. Reuters
    FORBES' HIGHEST-PAID ATHLETES 2022: 1) Lionel Messi (football) - $130 million: On-Field: $75m | Off-Field: $55m. Reuters
  • 2) LeBron James (basketball) - $121.2m: On-Field: $41.2m | Off-Field: $80m. AFP
    2) LeBron James (basketball) - $121.2m: On-Field: $41.2m | Off-Field: $80m. AFP
  • 3) Cristiano Ronaldo (football) - $115m: On-Field: $60m | Off-Field: $55m. Getty
    3) Cristiano Ronaldo (football) - $115m: On-Field: $60m | Off-Field: $55m. Getty
  • 4) Neymar (football) - $95m: On-Field: $70m | Off-Field: $25m. AFP
    4) Neymar (football) - $95m: On-Field: $70m | Off-Field: $25m. AFP
  • 5) Stephen Curry (basketball) - $92.8m: On-Field: $45.8m | Off-Field: $47m. Getty
    5) Stephen Curry (basketball) - $92.8m: On-Field: $45.8m | Off-Field: $47m. Getty
  • 6) Kevin Durant (basketball) - $92.1m: On-Field: $42.1m | Off-Field: $50m. Reuters
    6) Kevin Durant (basketball) - $92.1m: On-Field: $42.1m | Off-Field: $50m. Reuters
  • 7) Roger Federer (tennis) - $90.7m: On-Field: $0.7m | Off-Field: $90m. AFP
    7) Roger Federer (tennis) - $90.7m: On-Field: $0.7m | Off-Field: $90m. AFP
  • 8) Saul 'Canelo' Alvarez (boxing) - $90m: On-Field: $85m | Off-Field: $5m. Reuters
    8) Saul 'Canelo' Alvarez (boxing) - $90m: On-Field: $85m | Off-Field: $5m. Reuters
  • 9) Tom Brady (American football) - $83.9m: On-Field: $31.9m | Off-Field: $52m. AP
    9) Tom Brady (American football) - $83.9m: On-Field: $31.9m | Off-Field: $52m. AP
  • 10) Giannis Antetokounmpo (basketball) - $80.9m: On-Field: $39.9m | Off-Field: $41m. AFP
    10) Giannis Antetokounmpo (basketball) - $80.9m: On-Field: $39.9m | Off-Field: $41m. AFP

Lionel Messi, Cristiano Ronaldo and the highest-paid athletes of 2022 - top 10 in pictures


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Lionel Messi has been named the highest-paid athlete for 2022, according to Forbes' annual rich list, with the Paris Saint-Germain star raking in $130 million through a combination of on-field and off-field earnings.

Messi's annual contract with PSG, whom he joined from Barcelona last summer, is reported to be worth around $40m in addition to the $25m the Argentine received as a signing fee. Away from the pitch, the 34-year-old forward signed a $20m-per-year sponsorship with fan engagement platform Socios, adding to an endorsement portfolio which includes Adidas, Pepsi, Hard Rock International, and earlier this week, Saudi Arabia tourism.

Messi is followed on the list by basketball star LeBron James, who made $121.2m. The Los Angeles Lakers star has a large portfolio of sponsorship deals, including Nike, Crypto.com, Beats Electronics, and Pepsi. James also starred in the Space Jam: A New Legacy movie and sold his minority stake in production company SpringHill. While his off-court earnings of $80m are responsible for the majority of his wealth last year, the 37-year-old American also earned $41.2m with his Lakers contract.

Completing the top three is Messi's long-time rival Cristiano Ronaldo at $115m. It may have been a disappointing season for Manchester United but that has not affected Ronaldo's earning potential, with the Portuguese forward pocketing $60m in on-field earnings and $55m in sponsorship and business from endorsements with Nike, Herbalife, Clear shampoo, and his own CR7 clothing brand.

Perhaps the most interesting inclusion on the top 10 list is tennis great Roger Federer, who occupies seventh spot, despite only making $700,000 in prize money due to a long-term injury absence. However, the 40-year-old Swiss made $90m away from the court through Uniqlo, Rolex, Wilson, and Mercedes, while his investment in Swiss shoe brand On paid off big time after the company went public in September and raised more than $600m.

The full top 10 list can be found in the photo gallery above. To move on to the next photo, click on the arrows or if using a mobile device, simply swipe.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Reading List

Practitioners of mindful eating recommend the following books to get you started:

Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung

How to Eat by Thich Nhat Hanh

The Mindful Diet by Dr Ruth Wolever

Mindful Eating by Dr Jan Bays

How to Raise a Mindful Eaterby Maryann Jacobsen

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Bio

Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro

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Updated: May 12, 2022, 6:01 AM