Ronaldo risks 12-month sentence over nearly $9 mn tax fraud

These revelations come just 24 hours after the Spanish Supreme Court found Messi guilty

IANS  |  Madrid 

Ronaldo risks 12-month sentence over nearly $9 mn tax fraud

The Spanish Authorities (Agencia Tributaria) consider that football superstar defrauded over 8 million euros ($8.95 million) by not correctly declaring his image rights for the period between 2011 and 2013, according to media reports in

The revelations were made on Thursday by radio stations Cadena Ser and Cadena Cope citing sources in the Spanish authorities, reports Xinhua news agency.

However, the radio stations added that there is an internal debate within the authority over whether Ronaldo actually committed a crime or an administrative error, given that he tried to bring his situation up to date before the investigation began.

If finally it is considered that Ronaldo merely committed an administrative error, he would have to repay the 8 million euros, as well as the corresponding fine. But if it was considered to be a criminal offence, he would face a prison sentence of four months in jail for every year he was considered to have offended (2011, 2012, 2013).

These revelations come just 24 hours after the Spanish Supreme Court maintained a 21-prison sentence for FC Barcelona star Lionel Messi, who was considered to have defrauded 4.2 million euros ($4.70 million) in from earnings related to his image rights during the period 2007-2009.

Ronaldo risks 12-month sentence over nearly $9 mn tax fraud

These revelations come just 24 hours after the Spanish Supreme Court found Messi guilty

These revelations come just 24 hours after the Spanish Supreme Court found Messi guilty
The Spanish Authorities (Agencia Tributaria) consider that football superstar defrauded over 8 million euros ($8.95 million) by not correctly declaring his image rights for the period between 2011 and 2013, according to media reports in

The revelations were made on Thursday by radio stations Cadena Ser and Cadena Cope citing sources in the Spanish authorities, reports Xinhua news agency.

However, the radio stations added that there is an internal debate within the authority over whether Ronaldo actually committed a crime or an administrative error, given that he tried to bring his situation up to date before the investigation began.

If finally it is considered that Ronaldo merely committed an administrative error, he would have to repay the 8 million euros, as well as the corresponding fine. But if it was considered to be a criminal offence, he would face a prison sentence of four months in jail for every year he was considered to have offended (2011, 2012, 2013).

These revelations come just 24 hours after the Spanish Supreme Court maintained a 21-prison sentence for FC Barcelona star Lionel Messi, who was considered to have defrauded 4.2 million euros ($4.70 million) in from earnings related to his image rights during the period 2007-2009.

image
Business Standard
177 22