ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Pop Sensation Shakira to Pay Almost $8M Fine to Avoid Prison Time for Ongoing Tax Evasion Charges

Prosecutors in Barcelona argued that Shakira spent over half of both 2012 and 2014 in Spain, making her liable for taxes in the country.
PUBLISHED NOV 30, 2023
Cover Image Source: Shakira attends the 24th Annual Latin GRAMMY Awards at FIBES Conference and Exhibition Centre | Photo by Juan Naharro Gimenez | Getty Images
Cover Image Source: Shakira attends the 24th Annual Latin GRAMMY Awards at FIBES Conference and Exhibition Centre | Photo by Juan Naharro Gimenez | Getty Images

International pop sensation Shakira has reached an agreement with prosecutors in Barcelona to settle her tax fraud case, steering clear of any prison time. The Colombian singer was accused of neglecting to pay the Spanish government 14.5 million euros ($15.8 million) in taxes between 2012 and 2014, facing six counts of tax evasion, per Fox News. Originally, prosecutors sought a hefty eight-year prison sentence along with a 24 million euros ($26 million) fine. However, on the first day of her trial, she opted for a deal that spared her from imprisonment, instead receiving a three-year suspended sentence and a significantly reduced fine.

Image Source: Shakira attends the 2023 Video Music Awards at Prudential Center on | Photo by Mike Coppolam | Getty Images
Shakira attends the 2023 Video Music Awards at Prudential Center | Photo by Mike Coppolam | Getty Images

This marked a change from her previous stance when she rejected a plea deal in 2022, consistently maintaining her innocence. In a statement shared with Fox News Digital, Shakira explained her decision, stating, 

While I was determined to defend my innocence in a trial that my lawyers were confident would have ruled in my favor, I have made the decision to finally resolve this matter with the best interest of my kids at heart who do not want to see their mom sacrifice her personal well-being in this fight."

She also said, "Throughout my career, I have always strived to do what’s right and set a positive example for others. That often means taking the extra step in business and personal financial decisions to procure the absolute best counsel, including seeking the advice of the world’s preeminent tax authorities such as PricewaterhouseCoopers International Limited, who advised me from the start, and subsequently Ernst & Young Global Limited."

Despite diligent efforts, tax authorities in Spain persisted in pursuing a case against Shakira, a situation experienced by numerous professional athletes and other prominent individuals. This prolonged legal battle has taken a toll on Shakira's energy, time, and peace of mind over the course of several years. Prosecutors in Barcelona argued that Shakira spent over half of both 2012 and 2014 in Spain, making her liable for taxes in the country. Although the star had previously contested these charges, her appeal was rejected by a court in May 2022. As part of the agreement, Shakira has agreed to a 7 million euros ($7.6 million) fine and a suspended three-year sentence. Additionally, she will be required to pay an extra fine of 432,000 euros ($472,000) associated with the sentence.

"I need to move past the stress and emotional toll of the last several years and focus on the things I love—my kids and all the opportunities to come in my career, including my upcoming world tour and my new album, both of which I am extremely excited about. I admire tremendously those who have fought these injustices to the end, but for me, today, winning is getting my time back for my kids and my career."

Had an agreement not been reached, the trial was slated to involve more than 100 witnesses over the next several weeks.

Image Source:  Shakira attends the 2023 MTV Video Music Awards at Prudential Center | Photo by Taylor Hill | Getty Images
Shakira attends the 2023 MTV Video Music Awards at Prudential Center | Photo by Taylor Hill | Getty Images

In addition to the recent tax fraud case settlement, Shakira is currently confronting separate charges related to tax evasion based on her 2018 income. These charges, officially filed in September, allege that she failed to pay 6.7 million Euros ($7.1 million) to the Spanish government.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Shakira (@shakira)


 

Prosecutors contend that she utilized an offshore company in a tax haven to sidestep tax obligations. Shakira's legal team had previously informed Fox News Digital that there had been "no notification" of the filing received in Miami, which is the singer's official address, regarding the lawsuit concerning the 2018 financial year. Shakira had resided in Spain for several years, notably during her relationship with Gerard Piqué, who was a member of FC Barcelona. Following their split and a contentious custody battle, Shakira and her two sons relocated to Miami in April 2023.

MORE ON MARKET REALIST
Hearing the answers, Harvey wondered how the team that won the question got so far in the game
2 days ago
Shopper, creator, @sharpintx fell victim to 'return fraud' in the worst possible way.
2 days ago
Several companies have publicly stated that they are passing on the tariff costs to customers.
3 days ago
The guest was at a loss for words after hearing the value of the Patek Phillippe watch.
4 days ago
The fast food chain has raise prices like other but won over its customer base like none.
4 days ago
BofA Metals Cheif, Michael Widmer estimates gold to hit the $5,000/oz mark in 2026.
4 days ago
Kevin Hassett said it would solely be up to the Fed Officials to make decisions on interest rates.
4 days ago
As per the Congress' Joint Economic Committee, Americans paid over $158 billion in tariff costs
7 days ago
It was clear that the host was expecting much more from the player, as the question had potential.
7 days ago
An expert believes that raising the minimum wages has been a crucial boost for underpaid workers.
Dec 11, 2025
Costco keeps its aisle labels vague intentionally to make the shoppers wander around and explore products.
Dec 11, 2025
While rate cuts may eventually bring relief, other factors may push costs upwards.
Dec 11, 2025
A Politico poll conducted last month found Americans were struggling with spending constraints.
Dec 11, 2025
The shopper who was buying coats to donate to the homeless was met with incredible generosity.
Dec 10, 2025
The Democratic senators argued that no living/sitting president should have their likeness on a coin.
Dec 10, 2025
The contestant had a slim chance after getting only two out of five guesses right.
Dec 9, 2025
The payments will be funded by the tariff revenue and reach farmers early next year.
Dec 9, 2025
Sweeney's team blatantly broke a rule and the host had to let it go multiple times.
Dec 8, 2025
Dimon reiterated a nuanced and overall upbeat view about the effect of artificial intelligence on the economy.
Dec 8, 2025