Ronaldo tax debts put at €8m

Real Madrid ’s Cristiano Ronaldo reportedly defrauded the Spanish state out of a figure in excess of €8m.

According to Cadena SER, Spain’s Tax Agency has forwarded the reports on its investigations into Ronaldo’s tax returns for 2011, 2012, 2013 and 2014 to the prosecutor’s office for financial crimes.

In its report, the treasury’s inspectors allegedly saw “indications” that the Portuguese committed tax offences, amounting to €8,260,477.

However, he has attached details of his contracts since 2014, possibly suggesting he was not deliberately hiding his income, which would mean that he is only liable for an administrative offence.

In order to be guilty of a tax offence in Spain, it is necessary that the amount defrauded exceeds €120,000 and intent can be proved.

AS explains the biggest difference between the cases of Ronaldo and Lionel Messi is that the former made a voluntary payment of €6m in 2014, while the latter refused to comply with the Treasury.

Messi’s case worsened after he created a partnership in Panama “to continue invoicing behind the Treasury’s back”.

Furthermore, the Argentine is a tax resident in Spain, thus it is implied that he must pay tax on what he earns overseas to the Spanish Treasury.

Ronaldo, meanwhile, is under the Regime of Expatriates and only taxed on what he earns in Spain.

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Source: NATION