The Colombian singer, who is separating from Gerard Pique, will have to face trial for six tax offenses between 2012 and 2014.
She’s accused of failing to pay 14.5 million euros in income tax, and prosecutors have asked for eight years and two months in prison, along with a fine of 23.8 million.
This is because they believe Shakira used several companies in tax havens like the Netherlands, Malta, Luxembourg, and the British Virgin Islands to avoid taxation in Spain.
A judge near Barcelona has approved a trial, though no date has been set as of yet. Given Shakira doesn’t have a previous record, a settlement would help her avoid jail time.
How Shakira will appear before the judge
The singer has three Spanish companies with losses and no real estate in her name in the country.
As reported by La Razon, she has been a joint administrator of the company She Wolf Investment SL since July 2018. The company declared losses of 1,905.98 euros.
At She Wolf Investment, Shakira shares joint administration with Ferran Vilaseca Lemus, Pique’s trusted lawyer.
She is also listed as a majority shareholder of Golden Global Tour SL.
Her most recent accounts date from 2020 when the artist invoiced 2,343,335 million euros and obtained a profit after tax of 172,068 euros.
A few years earlier, in 2012, she created Fire-Rabbit SL, the first of her companies and the basis of her fortune.
The company had a turnover in 2020 amounting to 125,414.95 euros in the red.
Despite the recent poor results in which the company has seen its turnover plummet, it has assets worth 6.7 million euros.