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Spain taxman knocks Rs 15.76 crore off Cristiano Ronaldo tax settlement

Spain's taxman and Ronaldo's advisors 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 Madrid.

Madrid: After ordering football superstar Cristiano Ronaldo to pay 18.8 million euros to settle a tax fraud claim, Spanish authorities have reduced the sum by two million euros (Rs 15.76 crore) the El Mundo daily reported on Friday.

Spain’s taxman and Ronaldo’s advisors 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 Madrid.

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 Spain 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 Ronaldo has already paid 13.4 million euros. Spain’s finance ministry would not comment on the report.

(With inputs from AFP)

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