[ad_1]
MADRID – Cristiano Ronaldo, the Portuguese football star, will pay about 22 million dollars in arrears of taxes and fines under an agreement with the authorities Spanish tax authorities on the undeclared income from its advertising contracts, prosecutors said. Ronaldo, 33, follows a preliminary deal reached last month, shortly before playing for his country at the 2018 World Cup in Russia, then moving from Real Madrid to Juventus in Italy for about 110 million dollars
The settlement of 19 million euros includes a fine of 3.2 million euros for defrauding Spain of 5.7 million euros in taxes according to a statement released Thursday by the Prosecutor General's Office of the Madrid region.
Ronaldo will also have to pay the tax arrears, as well as the interest charges on the amounts that he failed to make on time from 2011 to 2014, when he was playing for the Real Madrid.
The player also ac According to the Attorney General's Office, he was sentenced to a two-year prison term, but the term means that the football star will not serve time in jail. According to Spanish law, primary offenders found guilty of a financial crime are spared if the sentence is two years or less.
Ronaldo is one of the many players who have been the subject of an investigation by the Spanish authorities. to avoid paying taxes on their advertising contracts.
Ronaldo did not comment on the rules. Instead, the player posted on social media a photograph of himself on vacation with his girlfriend, Georgina Rodríguez, with the commentary "Holidays with love!"
In 2016, Lionel Messi, the Argentinean star who is Ronaldo's main rival on the world football scene, was also sentenced in Spain, along with his father, not to divulge some of his advertising contracts. They were sentenced to 21 months in prison, but the same sentencing guidelines meant that neither one nor the other could remain behind bars.
Messi's conviction came three years after he and his father paid shortly after his advertising was placed under judicial investigation.
The Spanish authorities began investigating Ronaldo's cases four years ago. Last year, tax attorneys announced that they would accuse him of fraud for 14.76 million euros earned from 2011 to 2014.
He was accused of channeling millions of its advertising revenues to undeclared bank accounts via a network of offshore companies, including It was established in the British Virgin Islands shortly after joining Real Madrid in 2009.
At a court appearance In court last July, Ronaldo denied any wrongdoing and suggested that he was sued because he was a prominent figure. "If I was not called Cristiano Ronaldo, I would not be here," he told the judge.
[ad_2]
Source link
Tags Cristiano dispute Ronaldo settles Spain tax
