What is Intrastat in SAP SRD-SRM-GLO-INT - COM-Intrastat/FTA?

SAP Term: Intrastat

• Component: SRD-SRM-GLO-INT

• Component Name: COM-Intrastat/FTA

• Description: A work center in which you can prepare and release Intrastat declarations for submission to the statistical authorities of the relevant European Union EU Member State.

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• Key Concepts: 
  Intrastat is a component of the SAP system that enables companies to report their intra-European Union (EU) trade statistics. It is part of the EU's Statistical Trade Reporting System (STRS) and is used to collect data on the movement of goods between EU member states. The data collected is used to monitor trade flows, analyze trends, and inform policy decisions. 
  
  How to use it: 
  Intrastat can be accessed through the SAP system by navigating to SRD-SRM-GLO-INT COM-Intrastat/FTA. Once there, users can enter the necessary information about their intra-EU trade transactions, such as the type of goods being traded, the country of origin and destination, and the value of the goods. This information is then used to generate reports that can be used for analysis and decision making. 
  
  Tips & Tricks: 
  When entering data into Intrastat, it is important to ensure that all information is accurate and up-to-date. This will help ensure that the reports generated are accurate and reliable. Additionally, it is important to keep track of any changes in regulations or laws that may affect the accuracy of the data entered into Intrastat. 
  
  Related Information: 
  For more information on Intrastat, please visit the European Commission's website at https://ec.europa.eu/taxation_customs/business/vat/intrastat_en. Additionally, SAP provides a comprehensive guide on how to use Intrastat in their system at https://help.sap.com/viewer/product/SAP_ERP_6.0_EHP7/6.07/en-US/f3d8f9a2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9f3d5f2b7c14e8a9/.