Juventus football star, Cristiano Ronaldo, earns significantly more than his team salary
Cristiano Ronaldo, the Juventus forward, has seen a reduction in his tax evasion fine, according to reports from the Madrid-based newspaper El Mundo. The Portuguese striker will now pay 16.7 million euros, down from the initial 18.8 million euros, due to not having to pay around 2.1 million euros in VAT that he had already voluntarily paid.
The reduction in Ronaldo's fine was first reported by El Mundo, which claims to have accessed documentation related to the case. Earlier, ANSA had reported that Ronaldo reached an agreement with the authorities to pay 18.8 million euros to settle the tax evasion dispute.
The tax evasion case involving Ronaldo has been under investigation by the Spanish tax authority. In June of an unspecified year, the agreement was reached, and Ronaldo admitted his responsibility for four offenses in the agreement.
El Mundo has reported on the tax evasion case involving Ronaldo multiple times. However, there is no information available about the name of the lawyer or institution that represented Ronaldo in the pre-trial and reduction of his tax debts from 18.8 million to 16.7 million euros.
This reduction in Ronaldo's fine was made by the Spanish tax authority, as reported by El Mundo. The tax evasion case involving Ronaldo is just one of many high-profile tax disputes that have been reported in recent years.
Ronaldo's tax evasion case was previously reported by ANSA, highlighting the ongoing scrutiny of the footballer's financial affairs. Despite this, Ronaldo remains one of the highest-earning athletes in the world, with a net worth estimated to be over $450 million.
As the story develops, more information is expected to come to light regarding the details of Ronaldo's tax evasion case and the reasons behind the reduction in his fine. In the meantime, Ronaldo continues to focus on his football career, with Juventus hoping to secure another Serie A title this season.
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