Form 232: Related transactions in Spain
Form 232 is an annual informative declaration of transactions carried out with related entities and/or related entities located in countries or territories classified as tax havens.
Form 232 is an annual informative declaration of transactions carried out with related entities and/or related entities located in countries or territories classified as tax havens.
The use of the electronic signature has been gaining influence since its voluntary implementation until becoming the only way to communicate with Spanish Authorities. It is of crucial importance the electronic mailbox in Spain is checked daily in order to avoid potential fines for not answering such requirements.
In the case of a reduced sales volume, the tax rate of the company’s country of origin is applied. However, if it exceeds the threshold of €35,000, in the case of Spain, the invoices must be issued with the tax rate corresponding to Spain.