Form 232: Informative declaration on related-party transactions
What is the Form 232 and who must file it?
Form 232 is an informative declaration to be filed by companies and permanent establishments in Spain on related-party transactions (transfer pricing) and activities related to tax havens. Its purpose is to detail these transactions to comply with tax regulations.
Deadline for filing Form 232
- Companies with a tax year that coincides with the calendar year: they must file it between the 1st and 30th of November 2024.
- Companies with a different tax year-end: during the eleventh month after the end of the tax year.
Who is obliged to file and which transactions must be included?
- Related-party transactions over €250,000 per year (market value), except:
- Between entities of the same tax group (except assignment of intangible assets with ‘patent box’).
- Between Economic Interest Groupings (EIGs) or Temporary Joint Ventures (UTEs), except those carried out by permanent establishments (PEs) abroad.
- Related to IPOs and takeover bids.
2. Specific transactions over €100,000 per year, such as:
- Transfer of businesses, unlisted securities, real estate or intangible assets.
- Transactions between self-employed persons in objective assessment and entities in which they have a significant shareholding (>25%).
3. Transactions of the same type that exceed 50% of the company’s turnover.
4. Assignment of intangible assets with tax benefits (‘patent box’), regardless of the amount.
5. Transactions or securities in tax havens, regardless of the amount.
How is it filed?
Form 232 must be sent electronically through the Tax Agency’s website.
