Ronaldo’s tax fraud fine reduced by €2 million: Report

Resham Gupta
Last Updated: Aug 10 2018 17:46

FOOTBALL- Portugal star Cristiano Ronaldo’s fine for alleged tax fraud in Spain has been reduced by €2 million, the El Mundo reported on Friday.

Spain’s taxman had accused Ronaldo of hiding income generated from image rights while he was playing for Real Madrid. A court had ordered Ronaldo to pay €18.8 million to settle the tax fraud claims.

Now he will only have to pay €16.7 million as tax authorities realized he paid two million euros extra for image rights he sold in 2014.

The report added that Ronaldo has already paid €13.4 million of the fine. Spain’s finance ministry has refused to comment on El Mundo’s report.