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

SAP Term: Intrastat Declaration Processing

• Component: AP-GLO-INT

• Component Name: COM-Intrastat Valuation and Declaration

• Description: The processing of statistical data related to business transactions associated with valuated goods movements and the creation of Intrastat declarations using that data.

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• Key Concepts: 
  Intrastat Declaration Processing 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 requires companies to report the value and quantity of goods they have traded with other EU countries. The Intrastat Declaration Processing component helps companies to accurately report this information and ensure compliance with the regulations. 
  
  How to use it: 
  The Intrastat Declaration Processing component can be used to generate reports on the value and quantity of goods traded with other EU countries. It can also be used to generate statistical reports on the trade of goods between EU countries. Additionally, it can be used to generate reports on the value and quantity of goods imported and exported from EU countries. 
  
  Tips & Tricks: 
  When using the Intrastat Declaration Processing component, it is important to ensure that all data is accurate and up-to-date. Additionally, it is important to ensure that all reports are generated in accordance with the regulations set out by the European Union. 
  
  Related Information: 
  For more information on Intrastat Declaration Processing, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, you can find more information on Intrastat regulations on the European Commission website.