The Intrastat declaration is a statistical report that companies within the European Union (EU) are required to submit when exchanging goods between EU member states. This report aims to collect data on the movement of goods between member states and is compiled by national statistical authorities.
The purpose of the Intrastat regulation is to gather information on the trade of goods within the EU, facilitating statistical analyses of economic performance and trade activities. Companies that surpass specific thresholds for cross-border trade in goods are obligated to submit Intrastat declarations.
Typically, companies must provide the following information in their Intrastat declarations:
Trading Partners: Name and address of the supplier (exporter) and the recipient (importer) of the goods.
Goods Description: A detailed description of the traded goods, including the used product code, packaging type, and other relevant characteristics.
Quantity and Value: The quantity and value of the traded goods.
Mode of Transport: Information about the mode of transportation used for shipping the goods.
Country of Origin and Destination: The country of origin of the goods and the destination country where the goods were received.
