DECLARATION OF RELATED PARTY TRANSACTIONS

Form 232

The Spanish tax authorities rely on models such as 232 to gather information and establish tax control using the increasingly advanced technological tools at their disposal.

Form 232 is known as the declaration of related party transactions carried out by the taxpayer. However, in this form it is also declared that information referring to intangibles that benefit from the patent box regime and the operations carried out in tax havens.

This declaration is hihghly relevant for Tax Authorities because the detection of errors and inconsistencies in Form 232 often leads to the initiation of a transfer pricing inspection procedure. For this reason, the content of Form 232 must be correct and accurate, avoiding technical errors in points such as the transfer pricing method, the type of relationship or the type of operation.

Form 232 – DECLARATION OF RELATED PARTY TRANSACTIONS

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