Cristiano Ronaldo’s lawyers hit back at the Spanish prosecutors claiming that he has overpaid his tax to the Spanish treasury by over €260,000 with Spanish Taxman Demanding €14.7m.
That’s according to documents lodged with the tax tribunal that will hear Ronaldo’s case on 31 July.
Ronaldo is accused of avoiding tax on his overseas image rights between 2010 and 2014 by placing those rights in companies based in the British Virgin Islands and the Republic Of Ireland.
But the Spanish radio network COPE claims to have seen defence documents lodged by Ronaldo’s lawyers. They state that he paid a lump sum for the four years of €2,845,891.97 in 2014. But if he had declared his income on a year-by-year basis then he would have paid €2,589,443.17. In other words, he paid €265.448,80 more than he needed to the Spanish Treasury.
The difference arises because he paid tax at the relevant tax rate of 24.75 percent that applied in 2014. For the years 2010 and 2011 a lower rate of 24 percent applied.
Ronaldo’s lawyers deny that there is any hidden income and that he paid the tax he ought to have done – plus more – in one lump sum in 2014.
The Real Madrid forward faces the prospect of going to jail if he is found guilty of defrauding the Hacienda, as the Spanish tax agency is known. Prison sentences of under two years aren’t usually carried out in Spain.
Lionel Messi was slapped with a 21-month sentence that was later reduced to 17 months after he paid what he owed. Ronaldo is accused of avoiding over three times more than the €4.1million that Messi was found guilty of.
Ronaldo is yet to discuss his future with Real Madrid in an attempt to fully focus on helping guide Portugal to another major international title.