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MADRID (Reuters) - Spain’s former King Juan Carlos, who left the country in August amid a cloud of scandals, has settled a back tax bill worth more than 4 million euros ($4.9 million), his lawyer said on Friday.
FILE PHOTO: Spain s King Juan Carlos and his son Crown Prince Felipe (R) hug each other as they attend the signature ceremony of the act of abdication at the Royal Palace in Madrid, June 18, 2014. REUTERS/Juan Medina/File Photo/File Photo
It was the second such payment by the former monarch in recent months.
The voluntary tax settlement of 4.4 million euros, including interest payments and fines, was based on fiscal duties related to travels and other expenses paid by a foundation from which he benefited, lawyer Javier Sanchez-Junco said in a statement.
Spain’s former king, Juan Carlos I, has submitted voluntarily to the Spanish tax agency (Agencia Tributaria) a second tax regularisation statement for €4 million.
Former Spanish King Juan Carlos I has paid close to €4.4 million to the country s tax authorities in his latest bid to settle past undeclared income.
The 83-year-old former monarch already filed for settlement for another tax debt in December for a total amount of more than €678,000.
Juan Carlos lawyer, Javier Sanchez-Junco, said in a statement Friday that the latest tax debt relates to the payments that a private foundation made on behalf of the former king for several travel expenses and other services .
Zagatka, a Liechtenstein-based foundation, is owned by Alvaro de Orleans, a businessman and distant cousin of Juan Carlos. He has publicly admitted having funded some of the former monarch s private expenses. Payments-in-kind are subject to taxes under Spanish law.
Friday, 26 Feb 2021 10:06 AM MYT
A steady drip of revelations about the former king s love life and lavish lifestyle, combined with the 2018 conviction of his son-in-law for tax fraud and embezzlement, have severely tainted the Spanish monarchy. ― Reuters pic
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MADRID, Feb 26 ― Spain s scandal-hit former king Juan Carlos I, who now lives in exile, has settled a debt of over four million euros with the Spanish tax authorities, daily newspaper
El Pais reported yesterday.
The back taxes were due on the value of flights which he received from a private jet firm until 2018 that he did not declare, the newspaper said, citing anonymous “sources with knowledge of the operation”.
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