What is Periodic Declarations in SAP (SD-FT - Foreign Trade)?

SAP Term: Periodic Declarations

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A part of FT that deals with the creation and management of customs declarations and related activities. FT's Periodic Declarations functions include creating: INTRASTAT, EXTRASTAT, and customs declarations Goods catalogs Japan's MITI declaration The VAR declaration for Switzerland Shippers' Export Declarations for NAFTA KOBRA declaration for Germany The SAP /Customs application handles periodic declarations for the following countries: Austria Belgium Canada Denmark Germany Japan Finland Greece Spain France Ireland Italy Luxembourg Mexico Netherlands Portugal Sweden Switzerland United Kingdom United States of America

Smart SAP Assistant

• Key Concepts: 
  Periodic Declarations are a component of SAP Foreign Trade (SD-FT) that allows companies to declare their foreign trade activities to the customs authorities. This includes declarations of goods, services, and other transactions that involve foreign countries. The declarations are made on a periodic basis, usually monthly or quarterly. 
  
  How to use it: 
  Periodic Declarations can be used to declare the company’s foreign trade activities to the customs authorities. This includes declarations of goods, services, and other transactions that involve foreign countries. The declarations are made on a periodic basis, usually monthly or quarterly. The user must enter the necessary information into the system and submit the declaration to the customs authorities. 
  
  Tips & Tricks: 
  It is important to ensure that all information entered into the system is accurate and up-to-date. This will help ensure that the declarations are accepted by the customs authorities. Additionally, it is important to keep track of any changes in regulations or laws that may affect the declarations. 
  
  Related Information: 
  For more information about Periodic Declarations, please refer to SAP’s documentation on Foreign Trade (SD-FT). Additionally, you can contact your local customs authority for more information about their specific requirements for declarations.