Spain's taxman OKs Ronaldo multi-billion tax settlement

Kristopher Nichols
July 28, 2018

The former Real Madrid man pleaded guilty to tax evasion of €5.7m between 2011 and 2014 last month, following accusations from a Spanish state prosecutor previous year.

The final agreement reduces the amount defrauded to 5.7 million euros ($6.6 million), to which fines and interest must be added, totalling nearly 19 million euros ($22 million).

Cristiano Ronaldo has received a two-year prison sentence and a fine of almost €19 million after pleading guilty to tax evasion in Spain.

Prosecutors in Madrid said the deal with tax authorities and Cristiano Ronaldo's advisors also includes a two-year jail sentence which he won't serve.

The Portuguese star's management company, Gestifute, initially denied the allegations and he had gone on to avoid any comments on the subject throughout numerous press conferences during his time in Spain.

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This amount is likely to be only part of the striker's fines over the case, which are expected to rise to around £16.8 million (€19 million) in total.

The prison sentence was later reduced to a further fine of 252,000 euros.

Earlier local media reported that the 33-year-old, who recently completed a €100 million move to Italian giants Juventus, had already paid a tax office penalty in the sum of €13.5 million.

Spanish Tax Authorities have approved the settlement with Cristian Ronaldo over charges of tax evasion.

Ronaldo's greatest rival Lionel Messi also faced similar charges in 2017 as he and his father failed to pay KSh 480 million (€4.1m) in image rights.

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