- Intrastat is a system used in the European Union (EU) to collect statistical data on the movement of goods between member states.
- It requires businesses to provide detailed data on their intra-EU trade activities if they exceed certain thresholds for the value of goods dispatched and acquired.
- Businesses must report specific details about their cross-border transactions, including the commodity code, value, quantity, and partner country of the goods traded.
- The information collected through Intrastat is used for various purposes, such as economic analysis, policy-making, and monitoring trade patterns within the EU.
- Intrastat is distinct from customs declarations and VAT reporting. SAP provides equal functionality for Intrastat reporting across its trade services.
- In terms of the reporting process flow, each separate company code must submit an Intrastat report monthly for each country in which it has plants from which goods are delivered into EU countries or into which goods are received from an EU country.
- For Intrastat Arrivals, the source documents are Purchase Orders and MM Scheduling Lines. The SAP solutions provide a choice between four different selection logics.
Source SAP
