Real Madrid has 'full confidence' in Cristiano Ronaldo over tax issue
- Author: Julie Sanders Jun 15, 2017,
Jun 15, 2017, 13:32
The prosecutor also said that Ronaldo "intentionally" did not declare income of 28.4 million euros made from the cession of image rights from 2015-20 to another company located in Spain.
Cristiano Ronaldo insisted today he had a "clear conscience" after Spanish prosecutors accused Real Madrid's star forward of evading €14.7 million (RM70.1 million) in tax through offshore companies.
In a statement, Madrid's regional state prosecutor accused Ronaldo of four accounts of tax fraud from 2011-14.
Ronaldo's agency had previously said he was up to date on his taxes.
Ronaldo denied the accusations through his representatives late on Tuesday.
Gestifute, the agency representing the Portugal captain, said in a lengthy statement posted on its website the matter is a complex financial one.
Gestifute said it would publish documents to show the Portuguese superstar had not created such a structure and had instead used firms he had owned since his time at Manchester United that both British and Spanish tax authorities were aware of.
Footballing super-agent Jorge Mendes, who manages Cristiano Ronaldo among others, has been summoned before a Spanish court as part of the probe into Colombian striker Radamel Falcao's alleged tax evasion, legal sources said on Wednesday.
"The Prosecutor's Office says that the player declared the income derived from the transfer of image rights as income from movable capital to evade taxes".
It said that the footballer had not hidden any income from the tax authorities or defrauded Spain.
Additionally, the prosecutor accused Ronaldo of declaring 11.5 million euros ($12.8 million) earned from 2011-14 in a tax return filed in 2014, when the prosecutor said Ronaldo's real income during that period was nearly 43 million euros ($48 million).
The prison term will likely be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years.