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Cristiano Ronaldo facing R211.27 million tax fraud charge

Real Madrid superstar Cristiano Ronaldo faces R211.27 million tax fraud charge by the Spanish prosecutors. Ronaldo is accused of evading tax by using ‘business structure’ to hide earnings from 2011 to 2014.

Cristiano Ronaldo tax woos continues

Spanish prosecutors have accused the Real Madrid footballer of defrauding the authorities of millions of euros in tax.

Prosecutors alleged that Ronaldo had defrauded the tax authorities of R22.75 million (€1.4m) in 2011, R27.63 million (€1.7m) in 2012, R52 million (€3.2m) in 2013 and R134.88 million (€8.5m) in 2014.

In a statement, the prosecutor’s office said Ronaldo had knowingly used a “business structure” created in 2010 to hide his income in Spain from his image rights.

This involved a “voluntary” failure to comply with his tax obligations in Spain, the statement from the office’s economic crimes section said. The accusations were based on a report from Spain’s tax agency, it said.

Real Madrid declined to comment and calls to the agency representing Ronaldo, Gestifute, went unanswered.

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