Shakira pays €7.3m fine in Spanish tax case

Colombian popstar Shakira has appeared in court in Barcelona and agreed to pay €7.3m to resolve a long running dispute with Spanish tax authorities

The case revolved around a tax bill for €14.5m (£12.7m) related to time she spent in Spain between 2012 and 2014.

As well as the €7.3m (£6.4m) settlement fee she also agreed to pay €438,000 (£383,685) to avoid jail. This was reduced to a three-year suspended sentence.

The pop star, who is worth £240m, was accused in 2019 of six counts of tax fraud in income taxes totalling €14.5m between 2012-2014. If found guilty she could have faced up to eight years in prison and a €23.7m fine.

The argument was that she was in Spain for over half of each year in question and should have been paying taxes in Spain.

She has since moved to Miami after her split from ex-Barcelona player, Gerard Piqué.

Commenting on the tax case, Shakira said: ‘Throughout my career, I have always strived to do what’s right and set a positive example for others.

‘Unfortunately, and despite these efforts, tax authorities in Spain pursued a case against me as they have against many professional athletes and other high-profile individuals, draining those people’s energy, time, and tranquillity for years at a time.

‘While I was determined to defend my innocence in a trial that my lawyers were confident would have ruled in my favour, I have made the decision to finally resolve this matter with the best interest of my kids at heart who do not want to see their mom sacrifice her personal wellbeing in this fight.’

This is not the first high profile tax evasion case in Spain recently with many stars having to go through the same process. Last month Xabi Alonso, former Real Madrid and Liverpool midfielder was acquitted of tax fraud by Spain’s supreme court.

Pop star Shakira facing court over Spanish tax demand

Will Drysdale |Reporter, Accountancy Daily

Will Drysdale is a reporter at Accountancy Daily - email news and leads to william.drys...

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