Real Madrid Star Facing Tax Probe Amid Accusations Over £120m Image Rights

Real Madrid Star Facing Tax Probe Amid Accusations Over £120m Image Rights

0
136
FBL-ESP-LIGA-CELTA-REALMADRID

Real Madrid superstar Cristiano Ronaldo is being accused of failing to pay the full amount of tax on his earnings between 2009 and 2011.

According to Spanish financial website El Confidencial, Spanish tax authorities have been looking into financial irregularities regarding the Portuguese forward – Ronaldo having reportedly diverted money to the British Virgin Islands through the use of shell companies in several countries.

Celta de Vigo v Real Madrid CF - La Liga

Gestifute, the company that represents him run by Jorge Mendes, has released Ronaldo’s tax records, showing that the 32-year-old held offshore earnings of around £175m in 2015.

However, the Spanish taxman is working on a claim that shows he only paid £4.8m of his £120m image rights between 2009 and 2015. Ronaldo has denied any wrongdoing on his part, and the taxman has until June 30 to finalise their claim before their statue of limitations expires.

A spokesperson for Gestifute has been quoted as saying: “In accordance with the ‘Beckham Act’, which [Ronaldo] was subject to at the time in question, he was only obliged to pay tax on image rights earnings generated in Spain and not on those from abroad.” 

That came before claiming that the Spanish tax authorities have ​’different criteria’. They also say that at no time was there any intention for Ronaldo or his advisers to commit fraud.

Ronaldo is currently preparing for Sunday’s game where Real Madrid visit Malaga in hope of winning their first La Liga title since 2012.

​​

Source: 90min

Comments

comments

LEAVE A REPLY