ADVERTISEMENT
ADVERTISEMENT

Spain taxman knocks 2 million euros off Ronaldo tax settlement: report

After ordering football superstar Cristiano Ronaldo to pay 18.8 million euros ($21.6 million) to settle a tax fraud claim, Spanish authorities have reduced the sum by two million euros, the El Mundo daily reported Friday.

Spain's taxman and Ronaldo's advisors made the deal to settle claims the 33-year-old, who has since moved to Italy's Juventus, hid income generated from image rights while he was playing for Real Madrid.

The agreement also includes a two-year jail sentence which he won't serve. Sentences of up to two years are generally not enforced in Spain for first-time offenders in non-violent crimes.

According to El Mundo, who had access to documents of the settlement, tax authorities realised he paid two million euros too much last year for image rights he sold in 2014.

That means he only has to pay 16.7 million euros, the report said.

ADVERTISEMENT

It added that Ronaldo has already paid 13.4 million euros.

Spain's finance ministry would not comment on the report.

The newspaper said the tax agreement also means that the court near Madrid investigating the case had dropped charges against Ronaldo's agent Jorge Mendes.

The court was not immediately available for comment.

Had the case gone further, without the player offering a settlement, Ronaldo could have faced a reported fine of 28 millions euros and a three-and-a-half-year jail term, according to the Spanish tax office union Gestha.

ADVERTISEMENT

Ronaldo's big rival, Barcelona's Argentinian star Lionel Messi, paid a two-million-euro fine in 2016 in his own tax wrangle and received a 21-month jail term.

The prison sentence was later reduced to a further fine of 252,000 euros equivalent to 400 euros a day of the original term.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT