Cristiano Ronaldo has ended his controversy with the spanish tax authorities by accepting to pay a whooping sum of 12.1 million pounds and agreeing a two-year suspended prison sentence, according to reports in Spain.
Spanish outlet Cadena Cope claim the 33-year-old super star made the payment to the spanish treasury last week and has also accepted to pay a further 4.7 million pounds in administrative costs, which will be made later in the future.
Cristiano has, according to the same reoport, agreed to a two-year suspended prison sentence. Spanish law allows sentences of two years and below to be served under probation, meaning he is not going to spend any time in prison.
If realy, it brings an end to a year-long investigation over what the authorities claimed was a ‘voluntary’ and ‘conscious’ bid from the Portuguese to avoid tax payment on his image-rights earnings between 2011 and 2014, suming to 12.8 million pounds.
Ronaldo was accused of ceding his image rights to a company in the British Virgin Islands so as to run away from paying tax on them in Spain.
Tax authorities in Spain have accused great a number of high-profile footballers of the same offences. Jose Mourinho, Luka Modric, Lionel Messi, Alexis Sanchez and Neymar have all appeared before Spanish courts over alleged tax fraud in recent years.
Cristiano who just completed his 100 million pounds transfer deal from Real Madrid to Juventus would have wanted to remain in Spain if the Spanish tax laws had been favourable to him, he said the high rate of tax in Madrid drove him to Turin.