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Alexis Sanchez admits to tax fraud

Alexis Sanchez admits to tax fraud

- Arsenal Alexis Sanchez has admitted to tax fraud to a Spanish court

- The Chilean evaded taxes worth €983,443 during his time at Barcelona

Arsenal forward Alexis Sanchez has told a court that he defrauded Spanish tax authorities of €983 443 while playing for Barcelona

The Chilean gave evidence via a video link on Monday admitting he "recognised a tax error which he has settled with the Spanish Treasury," a judicial source said.

Alexis Sanchez admits to tax fraud

Sanchez left Barcelona for Arsenal in the summer of 2014

The 28-year-old Chile international's confession could see him receive a fine and possibly a non-custodial prison sentence.

Sanchez admitted that his tax declarations for 2012 and 2013 had not included profits from his image rights, which transited through a company based in Malta.

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He also admitted that he had not stated that he owned the company Numidia Trading Limited.

Barcelona players have been famous with such allegations. There are calls by Spanish authorities for Neymar to be sent to prison for two years.

The 24-year-old is fingered for his part in a corruption case over his transfer from Brazilian club Santos in 2013.

Recall that Lionel Messi and his father Jorge were sentenced to 21 months in prison for tax fraud earlier in 2016.

The duo were found to have evaded tax on Lionel’s image rights, owing more than €4m in back payments.

They however did not serve time as their sentence was less than 24 months (2 years)

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