NAVARRA: Do you have to submit form 232?

The informative declaration of related-party transactions and those related to tax havens must be submitted in the month following the 10 months after the end of the tax period. Therefore, in November if the company's fiscal year coincides with the calendar year.

Who should submit this form?

  Those who carry out certain transactions with related persons or entities or with non-cooperative jurisdictions, and are:

•   Corporate taxpayers and non-residents acting through a permanent establishment.
• Entities with income attribution established abroad with a presence in Spain.

Which operations should be declared?

Information must be provided on the following operations:

• Those carried out with the same related person or entity that together exceed 250,000 euros.
• Those considered "specific" with a combined amount of each type of operation exceeding 100,000 euros.
• Operations of the same nature and with the same valuation method if together they exceed 50% of the entity's turnover.
• Those carried out with non-cooperative jurisdictions.
• Those in which the Patent Box reduction has been applied.

 

Our professionals will verify if your company needs to provide information on related-party transactions it carries out and will advise you on how to proceed in these cases.