Spainâs emeritus king Juan Carlos I has made a second payment to the countryâs Tax Agency in a bid to regularize his fiscal situation after he received undeclared income over a number of years. The former monarch, who abdicated from the throne in 2014 and has been mired by accusations of wrongdoing regarding his finances in recent years, has handed over more than â¬4 million to the tax authorities to cover up to â¬8 million he received in payments in kind, sources with knowledge of the situation have told EL PAÃS.
Amid the investigations into his financial affairs last year, Juan Carlos I â who is the father of the current king, Felipe VI â opted to leave Spain and has been living in the United Arab Emirates since the summer. In December 2020, he made a first payment to the Tax Agency of â¬678,393 to pay off a debt that corresponded to the tax years of 2016 to 2018 â after he abdicated the throne, he lost the full immunity from prosecution tha
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