News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 6 years ago
Home  » Sports » Cristiano Ronaldo fined $3.7 million for tax evasion in Spain

Cristiano Ronaldo fined $3.7 million for tax evasion in Spain

July 27, 2018 15:54 IST
Get Rediff News in your Inbox:

Cristiano Ronaldo

IMAGE: Cristiano Ronaldo will be required to pay the 3.2-million-euro fine plus the 5.7 million euros in back taxes, 1 million euros in accrued interest and 250 euros-per-day for the 48 months covering the prison sentence. Photograph: Sergio Perez/Reuters

Cristiano Ronaldo will be fined 3.2 million euros ($3.7 million) and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday.

The 33-year-old is accused of evading 5.7 million euros in taxes. He has denied the allegations.

 

Ronaldo is unlikely to go to prison as Spanish law states a sentence of under two years for a first offence can be served on probation.

The football star will be required to pay the 3.2-million-euro fine plus the 5.7 million euros in back taxes, 1 million euros in accrued interest and 250 euros-per-day for the 48 months covering the prison sentence.

This amount is likely to be only part of the striker's fines over the case, which are expected to rise to around 19 million euros in total

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Paris Olympics 2024

India's Tour Of Australia 2024-25