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Practical Handbook for Companies 2021

Summary table of persons obliged to submit the form

Obliged to file form 232
All transactions in the tax period (irrespective of the amount of transactions per related entity)Bound
If all transactions of the same type and valuation method > 50% of the entity's turnover
≤ €100,000 in specific operations of the same type
No
> 100.000 € in specific operations of the same type

Transactions with the same person or entity during the tax period

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

Specific operations:

  1. Transactions with individuals who are taxed under the objective assessment method and whose shareholding, individually or jointly with their family members, is ≥ 25% of the capital or equity.

  2. Transfer of business, securities or equity interests in entities not admitted to trading or admitted to trading in non-cooperative jurisdictions

  3. Transfer of real estate and transactions in intangibles

Transactions excluded from the obligation to file form 232:

  • Tax group (irrespective of the volume of transactions)

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

  • Transactions in connection with public offers for sale or takeover bids (irrespective of the volume of transactions)