Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Football
1-min read

Sergio Ramos Confirms Fine From Spanish Tax Authority for Image Right Irregularities

Sergio Ramos emphasised that the fine he received from the Spanish tax authorities is administrative and not criminal.

AFP

Updated:October 24, 2019, 11:36 PM IST
facebookTwitter Pocket whatsapp
Sergio Ramos Confirms Fine From Spanish Tax Authority for Image Right Irregularities
File photo of Sergio Ramos. (Photo Credit: Reuters)

Madrid: Real Madrid's Sergio Ramos has confirmed he has been fined by Spanish tax authorities for irregularities relating to his image rights between 2012 and 2014.

According to the newspaper El Mundo, Ramos was fined one million euros for transferring revenue to his own company Sermos 32 SL, which is based in Spain, in order to pay less tax.

The Spain and Real Madrid captain has paid the fine but said in a statement late Tuesday he plans to appeal as he claims he was unfairly penalised by a change in the law.

Ramos joins a growing list of high-profile footballers targetted in recent years by the Spanish tax agency, who have cracked down on loopholes in regulations on image rights.

But while the likes of Cristiano Ronaldo, Lionel Messi and Neymar have faced criminal proceedings, Ramos has emphasised his case is administrative.

"It is an administrative fine, not a criminal offence," Ramos said in the statement.

"Given the information published recently, I would like to emphasise that I declare all my income in Spain. I have a team of professional advisors who analyse, manage and resolve all my tax matters.

"I am aware of all my obligations to the Tax Agency. The Tax Agency notified me of a different settlement during the period 2012-2014 after changing the criteria that the administration itself had indicated to me in previous years, payments that I have now fully reimbursed.

"Given my disagreement with the change of criteria of the Tax Agency and, I reiterate, given my payment has been paid administratively, I have exercised my right to appeal."

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results