MADRID Portugal and Juventus footballer Cristiano Ronaldo has admitted to committing tax fraud even though playing for real Madrid and totally to pay an 18.8 million (S$29 million) fine after striking a deal similar to prosecutors and tax authorities in recompense for a 23-month suspended prison sentence.Ronaldo, 33, had been accused of defrauding the authorities of 14.8 million in unpaid taxes amid 2011 and 2014.In 2017, Madrid's regional give leave to enter prosecutor alleged that the performer had used what it deemed to be a shell company in the Virgin Islands to "create a screen in order to conceal his sum income from Spain's tax office". It said Ronaldo with intent did not declare income of 28.4 million connected to image rights, and acknowledged unaided 11.5 million of earnings from 2011 to 2014 similar to his real income was in relation to 43 million.The prosecutor as well as alleged that the tackle falsely reported income as coming from real estate, which it said had greatly edited his tax rate.Ronaldo arrived in court in Madrid yesterday morning, wearing sunglasses and a black blazer even though accompanied by his co-conspirator Georgina Rodriguez. His request to enter the provincial court through an underground car park was denied.$29million
- Fine Cristiano Ronaldo will pay, in recompense for a 23-month suspended prison sentence, for tax fraud he operating similar to he was still a real Madrid player.
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