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

SAP Term: Intrastat Arrangements

• Component: SRD-SRM-GLO-INT

• Component Name: COM-Intrastat/FTA

• Description: A work center view in which you can create, view, change, and delete Intrastat arrangements for each country of declaration and company.

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• Key Concepts: 
  Intrastat Arrangements are a set of rules and regulations that govern the movement of goods between countries within the European Union (EU). These arrangements are designed to ensure that goods are accurately reported and tracked for statistical purposes. The Intrastat system is managed by the European Commission and is used to collect data on the movement of goods between EU member states. 
  
  How to use it: 
  In order to use Intrastat Arrangements, companies must register with their local customs authority and provide information about their business activities. This information includes details about the types of goods being traded, the countries involved in the trade, and the value of the goods being traded. Companies must also provide information about their suppliers and customers. Once registered, companies must submit regular reports to their local customs authority detailing their trade activities. 
  
  Tips & Tricks: 
  It is important to ensure that all information submitted to the customs authority is accurate and up-to-date. Companies should also be aware of any changes in regulations or requirements that may affect their trade activities. Additionally, companies should ensure that they are compliant with all applicable laws and regulations related to Intrastat Arrangements. 
  
  Related Information: 
  The European Commission provides detailed information about Intrastat Arrangements on its website. Additionally, companies can find more information about Intrastat Arrangements from their local customs authority or from other sources such as trade associations or professional advisors.