Issue link: http://itf.uberflip.com/i/619443
22 ITF Beach Tennis Tour Rules and Regulations 2016 a) a) a) a) The following maximum entry fee may be charged per team per event (unless otherwise authorised by ITF), covering teams in both Main Draw and Qualifying: Max. Entry Fee (per team)* World Championships US$150 $50,000/$35,000 + H US$150 $25,000/S15,000 + H US$150 $10,000 US$70 $6,500 US$70 $2,500 US$50 Non Prize Money US$50 b) b) b) b) Indoor events may charge an additional US$20per team. c) c) c) c) Tournaments that elect and are approved to pay prize money in local currency shall collect entry fees in local currency using the official ITF exchange rate as calculated *Each player in a team is responsible for payment of half of the entry fee 17. 17. 17. 17. Prize Money Prize Money Prize Money Prize Money Prize money, paid in cash or by cheque, shall be made available daily at the Tournament Office on site for each day's eligible players in accordance with the criteria stated below. 18. 18. 18. 18. Tax Deductions Tax Deductions Tax Deductions Tax Deductions Any Government Income tax deductions from prize money must be stated on the fact sheet. No taxes other than the stated Income tax will be deducted from prize money. 19. 19. 19. 19. Currency and Exchange Rate Currency and Exchange Rate Currency and Exchange Rate Currency and Exchange Rate Prize money shall be paid in US Dollars unless prior approval to pay in any other currency is obtained in writing from the ITF at the time of application. A tournament may elect to pay on-site prize money in US Dollars or in local currency. If local currency is selected, then the exchange rate for a given tournament (official ITF exchange rate) shall be the average of the six (6) months immediately preceding six (6) months prior to the tournament. If, on the Monday, prior to the sign in deadline, there is a fluctuation in the official ITF exchange rate of five percent (5%) or more, up or down, then such exchange rate shall be adjusted, up or down as follows: Exchange Rate Fluctuation Exchange Rate Fluctuation Exchange Rate Fluctuation Exchange Rate Fluctuation Exchange Rate Adjustment Exchange Rate Adjustment Exchange Rate Adjustment Exchange Rate Adjustment Less than 5% None Between 5 and 10% 5% 10% or greater One half the Exchange Rate Percentage Fluctuation (* For example, if the currency fluctuates 11% from the authorised exchange