Home News Spain’s ex-king settles 4 million euro tax debt: report

Spain’s ex-king settles 4 million euro tax debt: report

Published on February 25, 2021

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 Thursday.

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”.

In December the 83-year-old former king, who has lived since August in self-imposed exile in the United Arab Emirates, settled a tax debt of nearly 680,000 euros ($820,000) following a voluntary declaration of previously undisclosed income.

That settlement is linked to a probe made public last month by Spain’s attorney general.

It investigated whether the scandal-hit former king used credit cards linked to accounts not registered in his name — which could constitute a possible money-laundering offence.

The credit card payments took place after Juan Carlos abdicated in 2014, which could mean that he is not shielded by the immunity from prosecution he enjoyed as head of state.

His lawyer Javier Sanchez-Junco announced the December tax settlement but could not be reached by AFP on Thursday to confirm the report of a second settlement.





The former king is the target of two other investigations over his financial dealings, including those linked to a high-speed train contract in Saudi Arabia.

Juan Carlos has not been charged with any crime, and his lawyers have said he would return to Spain if required for legal reasons.

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.

Since ascending to the throne in 2014, King Felipe VI has since taken steps to improve the monarchy’s image, such as imposing a “code of conduct” on royals.

Last year he stripped his father, Juan Carlos, of his annual allowance of nearly 200,000 euros after new details of allegedly shady financial dealings emerged.