What is meant by Intrastat?
"Intrastat" is a system for collecting statistics on trade in goods between member states of the European Union (EU). It is used to collect data on the trade of goods within the EU and is utilized by companies importing or exporting goods between EU member states. Reported data includes information about the type of goods traded, their quantity and value, as well as origin and destination locations.
Typical functions of software in the area of "Intrastat" could include:
- Automatic capture of trade data from enterprise systems such as accounting or inventory management systems.
- Processing and validation of trade data according to Intrastat reporting requirements.
- Generation of Intrastat reports in a format accepted by national authorities.
- Monitoring of reporting deadlines and automatic reminders for timely submission of Intrastat reports.
- Integration with customs systems or other relevant government systems for seamless data transmission.
- Provision of reports and analysis on trade in goods for internal purposes or regulatory compliance.
