Portuguese revenue authority investigating alleged tax fraud by Cristiano Ronaldo

Cristiano Ronaldo's representatives have strongly denied an accusation that the Real Madrid forward concealed earnings and defrauded the Spanish tax authorities out of €14.7million. According to the authorities, Ronaldo "intentionally" failed to declare $31.8 million he made from the cession of image rights from 2015-20 to another Spanish company.

Cristiano Ronaldo has denied ever hiding any income from the taxman or committing any tax fraud in Spain.

The complaint suggested Ronaldo had created a "business structure" in 2010 to hide earnings from image rights between 2011 and 2014.

"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".

The prosecutor's office in Madrid said that it had filed a lawsuit against Ronaldo, but the Portugal worldwide has denied the accusations.

In December, leaked documents suggested that Ronaldo had avoided tax on income allegedly held in offshore accounts.

Ronaldo is accused of "four crimes against the public treasury between 2011-14... which involves tax fraud of 14,768,897 euros", Madrid's public prosecutor's office said on Tuesday.

Ronaldo has also told journalists he has nothing to hide.

A spokeswoman for Ronaldo's management company said there wouldn't be an immediate comment.

"Real Madrid CF hope that justice is done as quickly as possible so that his innocence can be proven as soon as possible".

In one high-profile case Barcelona's Lionel Messi was handed a 21-month jail sentence and a 2.1-million-euro fine after being convicted on tax-fraud charges previous year.

Ronaldo is the world's highest paid athlete, according to Forbes magazine. The Portuguese forward scored 42 goals in all competitions this season, including two in the Champions League final as Real became the first team to retain the title.

Ronaldo's agents, GestiFute, previously confirmed his compliance with tax authorities by publishing previous year details of his £191m (US$ 243m) worth in assets.

  • Julie Sanders