Augusto talked about each of the persons or related parties affected by the submission of this form, and related operations that must be included, differentiating the amount, type and requirements of each operation. He also remarked the types of operations to be declared that, according to Form 232, are framed in acquisition, transmission, assignment of tangible and intangible assets, financial operations, among others.
Form 232 must be submitted in the following month to ten months after the end of the tax period to which the information refers. In this regard, for the tax periods ending on December 31, 2017, the deadline for submission will be until November 30, 2018.
Failure to timely and accurately comply with this tax filing obligation, might entail severe penalties up to 2% of the missing data (ie: revenue, accrued interests during the year, etc.) or wrong information provided.