The amendment to Spain’s tax law scrapping the concession given to Spanish football clubs, known as the ‘Beckham Law’ will cost FC Barcelona a projected €6.5 million annually, reports Catalan sports paper Sport.

The ‘Beckham Law’ is a benefit that top professional footballers can apply for within Spain’s tax law that exempt them from the 43% tax rate that all foreigners and non-resident with an annual income of €600,000 or more has to pay. Upon approval, they (in truth their club) will only have to pay the nominal 24% tax rate for the first six years of their contract. A concession designed to attract the best players in the world to play in Spain.

Of the ten foreign players Barcelona has, seven players will be affected by the amendment; Ibrahimovic, Henry, Keita, Maxwell, Chygrynskiy, Abidal and Touré, while having played in Spain for more than six years, Milito, Márquez and Alves has already exhausted their privileges.

Before this amendment, Barcelona’s annual payroll disbursement for these players comes to around €39 million.

Ibrahimovic alone, being the club’s highest paid player with a reputed €9 million salary, will cost Barcelona an extra €4 million annually.