What is intra-community acquisition of goods in SAP SRD-FIN-ACC - FIN-Financial Accounting?

SAP Term: intra-community acquisition of goods

• Component: SRD-FIN-ACC

• Component Name: FIN-Financial Accounting

• Description: The arrival of goods into a European Union EU member state that have been dispatched from another EU member state. An intra-community acquisition of goods is subject to tax.

Smart SAP Assistant

• Key Concepts: 
  Intra-community acquisition of goods is a term used in SAP Financial Accounting (FI) to describe the purchase of goods from another EU member state. This type of transaction is subject to Value Added Tax (VAT) and must be reported to the relevant tax authorities. 
  
  How to use it: 
  In SAP FI, intra-community acquisition of goods is recorded in the system using a special document type called an Intrastat Declaration. This document type is used to report the purchase of goods from another EU member state and includes information such as the country of origin, the value of the goods, and the VAT rate applicable. 
  
  Tips & Tricks: 
  When recording an intra-community acquisition of goods in SAP FI, it is important to ensure that all relevant information is included in the Intrastat Declaration. This includes the country of origin, the value of the goods, and the applicable VAT rate. 
  
  Related Information: 
  For more information on intra-community acquisition of goods in SAP FI, please refer to SAP Help documentation or contact your local SAP support team.