Nightclub owners owe half a million to taxman

THREE LISBON nightclubs face having their licenses suspended by the Portuguese tax authorities because their owners owe half a million euros in tax.

Kremlin, Kapital and Kais, which are all owned by the impresario Rocha brothers, are being investigated by the Finance Ministry for alleged non-payment of IVA (Value Added Tax) worth 503,000 euros relating to the tax year 2002/3.

According to Sunday’s Correio da Manhã, the debt has paved the way for two legal processes against the brothers, which have culminated in the suspension of the contractual licenses that their company CHR – Promoção Espectáculos Animação Cultural e Restauração has in the three discos and their restaurants Kais and Rodízio Grill.

The entire contents of these establishments risk being seized by the bailiffs and sold off at public auction if the debt isn’t paid.

So far, the brothers, sons of former Sporting President João Rocha, have not made any declarations to the press.

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