Ronaldo Sentenced For Tax Evasion

Ronaldo Sentenced For Tax Evasion

While the representatives of the five-time Ballon d'Or victor reiterated his innocence of the allegations, they have now accepted the hefty fine and the two-year prison sentence.

Cristiano Ronaldo has officially been slapped with a €18.8m (R290m) fine and handed a suspended two-year prison sentence from the Spanish Treasury as part of a tax fraud case.

Prosecutors in Madrid said the deal with tax authorities and Cristiano Ronaldo's advisors also includes a two-year jail sentence which he won't serve.

The fact that he is a first time offender also played in his favor in avoiding setting foot in prison.

The 33-year-old, who signed a four-year contract with Serie A champions Juventus earlier this month, had denied the charges when he appeared before a Madrid court last July.

In 2014, Spanish authorities say he was late in declaring that year just 11.5 million euros of revenue earned in Spain for the period from 2011-14 when his earnings in his country of residence totalled 43 million euros.

In 2016, Barcelona forward Lionel Messi received a suspended 21-month jail sentence after being found guilty of defrauding tax authorities of 4.1 million euros (then $4.6 million).

The football star will be required to pay the £2.8 million (€3.2 million) fine plus the £5 million (€5.7 million) owed in taxes and £888,000 (€1 million) in accrued interest.

The prison sentence was later reduced to a further fine of 252,000 euros (RM1.191 million), equivalent to 400 euros (RM1,900) per day of the original term.

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