Football

Diego Costa To Pay 1.7 Million Euros To Settle Spain Tax Fraud Case

Diego Costa To Pay 1.7 Million Euros To Settle Spain Tax Fraud Case


Under a deal with Spain’s tax office, Costa will plead guilty to tax evasion and pay 1.1 million euros in back taxes, daily newspaper El Mundo, reported.

He will also be sentenced to six months in jail but will not serve time and instead pay a fine of 600,000 euros, the paper said. The agreement will be made official at a Madrid court on October 4, El Mundo reported.

Contacted by AFP, a spokesman for the tax office, said he could not comment on individual tax files.

Costa is the latest famous footballers to have fallen foul of Spain’s tax authorities.

A Spanish court in January handed Portuguese striker Cristiano Ronaldo a suspended two-year prison sentence for committing tax fraud when he was at Real Madrid. 

The player, who joined Italian side Juventus last year, also agreed to pay 18.8 million euros in fines and back taxes to settle the case, according to judicial sources.

Barcelona’s Lionel Messi paid a two-million-euro fine in 2016 in his own tax wrangle and received a 21-month jail term.

The prison sentence was later reduced to a further fine of 252,000 euros, equivalent to 400 euros per day of the original term.

Topics mentioned in this article


Diego da Silva Costa
Diego Costa

Atlético Madrid
Atletico Madrid

Football

Article source: https://sports.ndtv.com/football/diego-costa-to-pay-1-7-million-euros-to-settle-spain-tax-fraud-case-2084739

Loading...

Best Wordpress Plugin development company in India     Best Web development company in India

Related posts

16 Teams Including ISL And I-League In Revamped Durand Cup

Times of News

FIFA and Football Technology experts come together

Times of News

Uruguay sweating on Cavani after Saturday night fever

Times of News