The 33-year-old Juventus striker was ordered to pay a total of 18.8 million euros (£16.9million) after the deal with the Spanish prosecutors was confirmed at a court hearing in Madrid this morning.
He also received a 23-month prison sentence but as a first-time offender for a non-violent crime, he will not spend a day in jail, according to Mail Online Sport
Ronaldo who played for Real Madrid before moving to Juventus was initially alleged to have defrauded 14.7 million euros (£12.95 million) but it was confirmed on Friday they were accusing him of defrauding just over 5.7 million euros (£5.3million).
“The Provincial Prosecutors’ Office of Madrid is seeking a 23-month prison sentence for Cristiano Ronaldo Dos Santos Aveiro for the commission of four crimes against the Public Treasury relating to Personal Income Tax for the tax years 2011 to 2014 inclusive.
“Over those four years, prosecutors say the footballer deprived the Public Treasury out of 5,717,174 euros (£5.3 million).”