Cristiano Ronaldo is one of the richest athletes in the world, and his wealth comes not only from football but also from the businesses he has built over the years. But now he is at the center of controversy as one of his businesses is investigated for alleged tax evasion.
Confidential media first broke the news and claimed that the Spanish tax office had opened a case against the Insparya Medical Clinic, which the Portuguese runs with his partner Georgina Rodríguez. The clinic carried out certain operations with the clinic in order to avoid paying the corresponding VAT.
Insparya Hair Medical Clinic hides the fact that hair loss “is a disease” and “medical services” are exempt from this tax, but the Ministry of Finance believes that some of its transplant operations pursue “pure cosmetic purposes” and should be taxed https://t.co/ a8ZVJZj70j
— Confidential (@elconfidencial) November 2, 2023
It turns out that this Madrid-based company specializes in hair restoration, with some of its services related to purely medical purposes and others to beauty. With this in mind, the Treasury Law provides: “Medical services for diagnosis, prevention, treatment and cure” No VAT is payable, but certain treatments are clearly indicated “Pure aesthetics” Yes, they have to pay VAT.
It is on this last point that the authorities intend to clarify whether the owner falsified documents and passed off aesthetic problems as health problems. According to media reports, some of the documents they are analyzing include bank statements, patient lists, etc.
Apparently from Confidential they managed to talk to a representative of Insparya Medical Clinic who said they had “All existing legislation relating to taxation, labour, health, regulatory and any other nature”which is why they are somewhat calm.
On the other hand, it is understood that the striker’s lawyers and his partner submitted a World Health Organization report to the Treasury, which defined hair loss as a disease requiring treatment. “medical treatement” transplant, which will support its tax-exempt activities.
In the Netflix documentary about the life of Georgina Rodríguez, she herself had exclusive access to cameras from the location where they invested millions of dollars in a multi-story building equipped with Expert doctors and cutting-edge technology, visible.