FORM 232. New reporting obligations in respect of related-party transactions
Tax Commentary 4-2017
The Ministry of Finance and the Civil Service has approved - by means of Order HFP/816/2017 of August 28, 2017 - Form 232, which is the information return in respect of related-party transactions and transactions and situations linked to countries or territories classed as tax havens.
Form 232, which comes into force for tax periods commencing in 2016, is composed of three information tables and regulates the scope and content of the information to be reported in respect of the following transactions and situations:
- 1) Transactions with related persons or entities (article 13.4 of the Corporate Income Tax Regulation (RIS)1);
- 2) Transactions with related persons or entities in cases in which the reduction for revenues from certain intangible assets is applicable (article 23 and Transitional Provision 20 of the Corporate Income Tax Law (LIS2); and
- 3) Transactions and situations linked to countries or territories classed as tax havens.
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