On August 31st, Ministerial Order HFP/816/2017 of August 28th, 2007 has approved form 232 for the reporting of related-party transactions, operations and situations related to countries or territories classified as tax havens.
For fiscal years beginning on or after January 1st, 2016, Spanish resident companies and permanent establishments located in Spain should report, using the new tax form 232, their related-party transactions and tax haven dealings/holdings (as of 2015, this information was included in the corporate income tax returns).
This reporting form should include:
- As a general rule, related-party transactions subject to documentation requirements, carried out with the same related party when they totalled EUR 250,000 or more (excludes transactions exempt from documentation);
- Some specific types of related-party transactions (those excluded from the simplified documentation regime) exceeding of EUR 100,000;
- Related-party transactions, regardless of their amount, of the same type and using the same valuation method when they exceed 50% of turnover;
- Related-party transactions involving the license of intangible assets to related parties or entities and applying the “patent box” regime; and
- The transactions carried out or the securities held in tax havens, regardless of their amount.
This reporting form should be exclusively filed in electronic format on the tax office’s website, during the eleventh month following the end of the tax period (e. g. for companies that closed their fiscal year on December 31st, 2016, the filing period will be November 2017).