Real Madrid Star Cristiano Ronaldo Accused Of €14.7m Tax Fraud

They presented a report and he was accused of four different counts for tax fraud, including 14.768.897 €.

Real Madrid star Cristiano Ronaldo has denied the tax evasion allegations against him in Spain.

Prosecutors accuse the 32-year-old Portugal forward, who is the world’s highest paid athlete according to Forbes magazine, of evading tax via two companies based in the British Virgin Islands and Ireland.

The Madrid prosecutor said in his 2014 tax return Ronaldo claimed to have recorded revenue from Spanish sources between 2011 and 2013 of 11.5 million euros, though in reality that number was nearly 43 million euros.

“There is no off shore structure for evading taxes”, Gestifute said in a statement.

Ronaldo’s agent has denied any wrongdoing and previously declared that the player is “up to date with his taxes'”.

The prosecutors office categorized Ronaldo’s failure to pay taxes as “voluntary” and “conscious“. 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.

Ronaldo, who is set to take part in the coming Confederations Cup in Russian Federation as part of the Portuguese team, was recently named the world’s highest-paid athlete by “Forbes” magazine.

The Portuguese-born star defrauded the tax authorities of 1.4 million euros in 2011, 1.7 million euros in 2012, 3.2 million euros in 2013 and 8.5 million euros in 2014, prosecutors allege.

The 32-year-old is the reigning Ballon d’Or and FIFA World Player of the Year victor. He has led Madrid to back-to-back Champions League titles and helped Portugal to win last year’s European Championship.

Barcelona superstar, and Ronaldo’s long-term rival, Lionel Messi was sentenced to 22 months in prison for a €4.1m fraud, but avoided jail by paying a fine and agreeing to probation.