Ronaldo Accepts Prison Sentence, Fine In Tax Case

PICTURE: AP Photo/Francisco Sec

MADRID: Ronaldo handed 2-year prison sentence and €18.8 million tax bill penalty, after failing to comply with tax laws.

Real Madrid forward Cristiano Ronaldo has reached a deal with the Spanish tax authorities to serve two years in prison and pay an 18.8 million euro (R293-million) fine in a tax evasion case, newspaper El Mundo reported on Friday. 

Ronaldo is unlikely to serve any time in jail under the deal because Spanish law states that a sentence of under two years for a first offence can be served on probation.

The 33-year-old Portuguese footballer, who is accused of evading 14.7 million euros in taxes, has denied all the allegations through his agents.