Cristiano Ronaldo handed two-year suspended prison sentence, to
Spanish tax authorities have given their ok for football superstar Cristiano Ronaldo to pay close to 19 million euros ($22 million) to settle a tax fraud claim, prosecutors said Friday.
He has also been handed a two-year suspended prison for tax evasion.
Prosecutors in Madrid said the deal with tax authorities and Ronaldo's advisors also includes the two-year jail sentence which he won't serve. Sentences of up to two years are generally not implemented in Spain for first-time offenders in non-violent crimes.
The 33-year-old former Real Madrid striker, who has moved to Juventus, appeared in court last July near Madrid to answer four counts of tax evasion.
Procecutors allege the five-time Ballon d'Or winner hid income generated in Spain from his image rights from tax authorities.
He is alleged to have used companies in low-tax foreign jurisdictions -- notably the British Virgin Islands and Ireland -- to avoid having to pay the tax otherwise due.
In 2014, Spanish authorities say he was late in declaring that year just 11.5 million euros (Sh1.3b) of revenue earned in Spain for the period 2011-2014 when his earnings in his country of residence totalled 43 million euros (Sh5b)
The Spanish taxman also found he did not declare 28.4 million euros (Sh3.3b) in image rights agreed for 2015-2020, leaving 14.7euros (Sh1.8b) million owing.
His legal team had blamed the affair on a simple different interpretation of which revenue he was obliged to declare in Spain.
Had the case gone further, without the player offering a full settlement, he could have faced a fine of a reported 28 millions euros as well as a three-and-a-half-year jail term, according to the Spanish tax office union Gestha.
Ronaldo's big La Liga 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 per day of the original term.
- Simiyu maintains cool to retain Mashujaa Day titleGolf 1 day ago
- Liverpool manager Klopp provides Firmino's injury update after horror collisionFootball 1 month ago
- Manchester United move quick, rubbish Zidane speculationPremier League 3 weeks ago
- Chelsea's Sarri slams players for ditching gameplan in United drawFootball 1 day ago
- Barcelona star on reports that he broke popstar’s nose and told singer to kill himselfFootball 1 week ago
- Rugby: Bankers ready to activate title defenceRugby 1 week ago
- Find out why Barcelona are set to distance themselves from Ronaldinho and RivaldoFootball 5 days ago