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Spain taxman knocks 2 million euros off Ronaldo tax settlement: report

AFP  |  Madrid 

After ordering football superstar to pay 18.8 million euros to settle a tax fraud claim, Spanish authorities have reduced the sum by two million euros, the daily reported today.

Spain's taxman and Ronaldo's made the deal to settle claims the 33-year-old, who has since moved to Italy's Juventus, hid income generated from image rights while he was playing for Real

The agreement also includes a two-year jail sentence which he won't serve. Sentences of up to two years are generally not enforced in for first-time offenders in non-violent crimes.

According to El Mundo, who had access to documents of the settlement, tax authorities realised he paid two million euros too much last year for image rights he sold in 2014.

That means he only has to pay 16.7 million euros, the report said.

It added that has already paid 13.4 million euros.

Spain's would not comment on the report.

The newspaper said the tax agreement also means that the court near investigating the case had dropped charges against Ronaldo's agent

The court was not immediately available for comment.

Had the case gone further, without the offering a settlement, could have faced a reported fine of 28 millions euros and a three-and-a-half-year jail term, according to the Spanish tax office union Gestha.

Ronaldo's big rival, star Lionel Messi, paid a two-million-euro fine in 2016 in his own tax wrangle and received a 21-month jail term.

The prison sentence was later reduced to a further fine of 252,000 euros equivalent to 400 euros a day of the original term.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 10 2018. 16:00 IST