HomeNewsPortugal, After Spain, Investigating Ronaldo's Alleged Tax Fraud

Portugal, After Spain, Investigating Ronaldo’s Alleged Tax Fraud

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After Spain’s prosecutor’s office in Madrid had filed a lawsuit against football star Cristiano Ronaldo, the Portuguese revenue authority is now investigating alleged tax fraud by clubs and football players.

According to the local newspaper Publico reported on Wednesday Portuguese footballer Cristiano Ronaldo has been included in the list for tax fraud.

Ronaldo has been accused by the Spanish authorities of defrauding the authorities of around 15 million euros between 2011 and 2014.

But the representatives of the Madrid star have rubbished an accusation that the Real Madrid superstar concealed earnings and defrauded Spanish authorities of €14.7 million.

Madrid’s state prosecutor has alleged that Ronaldo used a shell company in the Virgin Islands to hide his total income from Spain’s tax office.

ALSO READ: Ronaldo Faces Lawsuit For Allegedly Defrauding Spanish Authorities Of £13m In Tax By Using Business To Hide Image Rights Income

However, Jorge Mendes, who is the owner of Gestifute and also Ronaldo’s agent – published a statement laying bare their clients’ payments related to his image rights and accentuated “there has never been concealment, or the slightest intention to conceal”.

Real Madrid said in a statement it had “full trust” in its player, who they believe has “complied with his fiscal obligations.”

ALSO READ: Cristiano Ronaldo Denies Tax Fraud Complaint

The operation is taking place at a European scale, with several tax authorities looking for traces of fiscal fraud in football.

Ronaldo was the highest earning athlete in the world last year, according to Forbes, making 77 million euros.

(With Input From Xinhua)

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