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Cristiano Ronaldo’s Capital Treatment Company Under Investigation for Possible Tax Evasion and VAT Fraud

This week several portals in Spain have echoed the news that one of Cristiano Ronaldo’s businesses is in check. The world soccer megastar has used his fortune to start a range of ventures that include hotel chains, a clothing brand and a watch company, among others. The one that is under the microscope now is the capital treatment company that he set up in Spain and which is managed by his partner, Georgina Rodríguez.

The newspaper El Confidencial was the one that broke the news in the last few hours by reporting that the Tax Agency opened a file against Insparya Medical Clinic for possible evasion and taxes. The thing is that according to the Treasury law, “medical services of diagnosis, prevention, treatment and cure” do not pay VAT. However, the investigation seeks to determine whether between 2019 and 2021 the company used a mechanism to rely on that rule and avoid paying what it was owed.

The thing is that those transplants that were performed for “purely aesthetic” purposes must pay 21% VAT. This is where the Tax Agency seeks to elucidate whether there were treatments that were reported as a disease, but in reality they were aesthetic. For this, the inspectors requested bank statements from the company’s account, a report on cash collections, and “an anonymized list of patients with the interventions performed.”

The Spanish site collects a response from the company that reports leaving everything in the hands of the lawyers, trusting that they complied with “all current legislation regarding tax, labor, health, regulatory and any other nature.”

In turn, the company that was co-founded by Cristiano Ronaldo and is managed by Georgina Rodríguez delivered to the Treasury a report prepared by the World Health Organization (WHO) that defines alopecia as a disease that requires “medical treatment.” ” of transplant. Furthermore, in the documents presented they compare hair implantation with “the placement of a prosthesis on a patient who has lost a limb.”

2023-11-03 00:11:17
#investigate #business #Cristiano #Ronaldo #Georgina #Rodríguez #reason

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