What is Intrastat Declaration in SAP AP-GLO-INT - COM-Intrastat Valuation and Declaration?

SAP Term: Intrastat Declaration

• Component: AP-GLO-INT

• Component Name: COM-Intrastat Valuation and Declaration

• Description: A periodic notification of statistical authorities about intra-European goods movements.

Smart SAP Assistant

• Key Concepts: 
  Intrastat Declaration is a component of the SAP system that enables companies to comply with the European Union’s Intrastat regulations. Intrastat is a statistical system that collects data on the movement of goods between EU member states. The Intrastat Declaration component allows companies to declare their goods movements to the relevant authorities in a timely and accurate manner. 
  
  How to use it: 
  The Intrastat Declaration component can be used to generate reports on goods movements between EU member states. It also allows companies to enter data on their goods movements into the system, which can then be used to generate the necessary declarations. The component also provides tools for monitoring and analyzing the data entered into the system. 
  
  Tips & Tricks: 
  When using the Intrastat Declaration component, it is important to ensure that all data entered into the system is accurate and up-to-date. This will help ensure that the declarations generated by the system are accurate and compliant with the relevant regulations. Additionally, it is important to ensure that all relevant information is included in the declarations, such as the value of goods being declared and any applicable taxes or duties. 
  
  Related Information: 
  The Intrastat Declaration component is part of SAP’s Global Trade Services (GTS) suite of applications. GTS provides a comprehensive set of tools for managing global trade operations, including customs compliance, export control, and trade finance. Additionally, GTS provides tools for managing supply chain operations, such as inventory management and logistics planning.