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Practical Manual for Companies 2020.

Summary table of persons obliged to submit the form

Required to submit form 232
Set of operations carried out in the tax period (regardless of the amount of operations per related entity)Obliged
If the set of operations of the same type and valuation method > 50% of the entity's turnover
Yes
≤ €100,000 in specific operations of the same type
 No
> €100,000 in specific operations of the same type
 Yes

Operations carried out in the tax period with the same person or entity

Obliged
≤ €250,000 of transactions per related entity (not specific transactions)
 No
> €250,000 of transactions per related entity (not specific transactions)
 Yes

Specific operations:

  1. Transactions with individuals who pay taxes on an objective basis, in which the individual or joint participation with their family members is ≥ 25% of the capital or equity

  2. Transfer of businesses, securities or shares in the equity of entities not admitted to trading or admitted in tax havens

  3. Transfer of real estate and operations on intangible assets

Operations excluded from the obligation to submit Form 232:

  • Tax group (regardless of trading volume)

  • AIES , UTES (regardless of the volume of operations), except for UTES or other similar forms of collaboration that are eligible for exemption on income obtained abroad through EP (art. 22 LIS )

  • Operations carried out in the context of public offerings for sale or public offerings for the acquisition of securities (regardless of the volume of operations)