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

SAP Term: Intrastat declaration

• Component: SRD-SRM-GLO-INT

• Component Name: COM-Intrastat/FTA

• Description: A periodical declaration on intra-Community trade within the EU, regarding both dispatches and arrivals, to be submitted directly by respondents in EU Member States to the statistical authorities of their country. It serves as a basis to compile intra-Community trade statistics Intrastat.

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• Key Concepts: 
  Intrastat declarations are a type of statistical declaration that is required by the European Union (EU) for goods that are traded between EU member states. The purpose of the declaration is to provide the EU with information about the movement of goods within the EU. The Intrastat declaration is a component of the SAP SRM-GLO-INT COM-Intrastat/FTA module. 
  
  How to use it: 
  The Intrastat declaration is used to report the movement of goods between EU member states. The declaration must be completed and submitted to the relevant authorities in each member state. The Intrastat declaration can be completed using the SAP SRM-GLO-INT COM-Intrastat/FTA module. This module allows users to enter data about the goods being traded, such as the type of goods, quantity, value, and country of origin. 
  
  Tips & Tricks: 
  When completing an Intrastat declaration, it is important to ensure that all data is accurate and up-to-date. It is also important to ensure that all required information is included in the declaration. Additionally, it is important to ensure that all deadlines for submitting the declaration are met. 
  
  Related Information: 
  For more information about Intrastat declarations, please refer to the European Commission’s website: https://ec.europa.eu/taxation_customs/business/vat/intrastat_en