MADRID • Portugal and Juventus footballer Cristiano Ronaldo has admitted to committing tax fraud while playing for Real Madrid and agreed to pay an €18.8 million (S$29 million) fine after striking a deal with prosecutors and tax authorities in return for a 23-month suspended prison sentence.
Ronaldo, 33, had been accused of defrauding the authorities of €14.8 million in unpaid taxes between 2011 and 2014.
In 2017, Madrid's regional state prosecutor alleged that the player had used what it deemed to be a shell company in the Virgin Islands to "create a screen in order to hide his total income from Spain's tax office".
It said Ronaldo intentionally did not declare income of €28.4 million related to image rights, and declared only €11.5 million of earnings from 2011 to 2014 when his real income was almost €43 million.
The prosecutor also alleged that the forward falsely reported income as coming from real estate, which it said had greatly reduced his tax rate.
Ronaldo arrived in court in Madrid yesterday morning, wearing sunglasses and a black blazer while accompanied by his partner Georgina Rodriguez.
His request to enter the provincial court through an underground car park was denied.
$29millionÂ
Fine Cristiano Ronaldo will pay, in return for a 23-month suspended prison sentence, for tax fraud he committed when he was still a Real Madrid player.
"I am very well," the five-time Ballon d'Or winner told reporters outside the court after the brief hearing.
The hearing came six months after Ronaldo agreed a deal that would see him spared jail if he paid fines totalling almost €19 million.
In Spain, a judge can suspend sentences of two years or less for first-time offenders.
Meanwhile, the trial of Ronaldo's former Real teammate Xabi Alonso, also in court yesterday over accusations of tax fraud, was suspended, a court magistrate said.
Prosecutors were seeking a five-year jail sentence and a fine of €4 million for the Spaniard, who retired as a player in 2017, accusing him of defrauding the Spanish state of some €2 million between 2010 and 2012.
Alonso said he was confident he had not committed a crime and would have to wait while the magistrates evaluated his case.
"I'd be worried if I thought I had something to hide or something I didn't do right but, as that isn't the case, I am carrying on," Alonso told reporters.
THE GUARDIAN
Ronaldo avoids jail but hit by hefty fine for tax fraud in Spain (UPDATED) The court sentences Cristiano Ronaldo to a two-year jail sentence that it immediately reduces to a fine of 365,000 euros
Ronaldo fined €18.8m over tax evasion - BBC News
Cristiano Ronaldo was fined almost €19 million ($21.6 million) for tax fraud on Tuesday but will avoid serving a 23-month prison sentence. The Juventus forward, who played for Real Madrid from 2009-18, agreed to settle the case by paying an €18.8m fine and accepting a suspended jail sentence.
Soccer star Cristiano Ronaldo fined over $20 million for tax
A version of this article appeared in the print edition of The Straits Times on January 23, 2019, with the headline 'Ronaldo fined, not jailed for tax fraud'. Print Edition | Subscribe.
Juventus' Cristiano Ronaldo fined for tax fraud, avoids jail term
Football superstar Cristiano Ronaldo has cut a deal with a court in Madrid over tax evasion charges, accepting an €18.8m (£16.6m) fine. A huge media presence met the player outside the court
Jan 22, 2019 · Portuguese soccer star Cristiano Ronaldo was fined €18.8 million ($21.6 million) for tax fraud on Tuesday, Reuters reports. Specifically, prosecutors said, he dodged taxes in Spain between 2010
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Ronaldo fined, not jailed for tax fraud MADRID • Portugal and Juventus footballer Cristiano Ronaldo has admitted to committing tax fraud while playing for Real Madrid and agreed to pay an €18.8 million (S$29 million) fine after striking a deal with prosecutors and tax authorities in return for a 23-month suspended prison sentence.
Cristiano Ronaldo to Pay $21.6 Million Fine for Tax Fraud
Jan 22, 2019 · Jan. 22 (UPI) --Soccer star Cristiano Ronaldo pleaded guilty to tax fraud in a Madrid Court Tuesday and agreed to pay $21.6 million in fines. Ronaldo also received a two-year suspended prison
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Ronaldo fined, not jailed for tax fraud, Football News & Top
Jan 22, 2019 · The Portugal and Juventus footballer Cristiano Ronaldo has admitted committing tax fraud while playing for Real Madrid and agreed to pay an €18.8m (£16.5m) fine after striking a deal with
Ronaldo avoids jail but hit by hefty fine for tax fraud in Spain
Cristiano Ronaldo was fined almost €19 million ($21.6 million) for tax fraud on Tuesday but will avoid serving a 23-month prison sentence. The Juventus forward, who played for Real Madrid from
Ronaldo fined, not jailed for tax fraud - theworldnews.net
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