Shakira pays $25million to Spanish Tax Authorities

According to reports, the Colombian songstress has allegedly paid Spanish tax authorities about $25 million after being hit with warnings about a potential tax fraud prosecution.

The former Voice judge handed over the sum in an attempt to settle alleged 2011 tax debt. Spanish authorities began looking into the 41-year-old’s financial affairs between 2011 and 2014, as it’s believed that she evaded paying proper taxes.

Catalan newspaper El Periodico reported that the chart topper wrote a check for $24.65 million, but could still appeal the payment. Apparently, the debate between Shakira and the Spanish government has to do with whether or not the A-lister resided in Spain during the specified years. Spanish law decrees that if one spends at least 183 days in Spain, they are considered a fiscal resident of the country AND must pay taxes on global income.

YOU MAY ALSO LIKE:   2018 Revenue Collection Hits N4.3trillion - FIRS Boasts

Sadly, as the recent payment was just one of four under investigation, Spain’s Tax Agency is still probing her finances. Understandably, the superstar is eyeing an appeal, as she claims she was away from Spain during most of the time cited.

Thats over N9bn as tax.. Serious money

Kindly share this story

Similar Posts

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.