Tax Exemption for Sports Awards: Olympians, Paralympians, and Special Olympics
This law introduces changes to tax regulations, exempting monetary awards received by athletes from income tax. This applies to achievements at the Olympic Games, Paralympic Games, Deaflympics, and Special Olympics World Games. These changes aim to financially support athletes and their achievements, taking effect retroactively from January 1, 2026.
Key points
Awards for medals at the Olympic and Paralympic Games are exempt from income tax.
The exemption also covers awards for achievements at the Deaflympics and Special Olympics World Games.
New rules apply to income earned from January 1, 2026.
2026-02-13
For
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Against
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Abstain
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Status:
Transmitted to President
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Additional Information
Print number: 10_1348
Process start date: 2025-06-10
Voting date: 2026-02-13
Meeting no: 51
Voting no: 76