Intrastat Reporting
What Is Intrastat Reporting?
Intrastat is a statistical system managed by the Central Bureau of Statistics (CBS) in the Netherlands, designed to collect data on the trade of goods between EU member states. Businesses engaged in intra-EU trade may need to submit Intrastat declarations to provide information about the movement of goods.
Key points about Intrastat reporting include:
Who Is Required to Report?
Companies exceeding specific thresholds for dispatches (exports) or arrivals (imports) of goods within the EU must submit Intrastat declarations. For 2024, the thresholds are:
Dispatches: €1,000,000
Arrivals: €800,000
What Information Is Reported?
Businesses must include details such as:
Commodity codes (using the Harmonized System or HS codes).
Value of the goods.
Quantity (in kilograms or supplementary units).
Country of dispatch or destination.
Why Is Intrastat Important?
Governments and EU authorities use the data collected for statistical purposes, helping to monitor and analyze intra-EU trade flows. The data is not directly related to tax compliance but is mandatory for qualifying businesses.
How to Submit an Intrastat Declaration?
Declarations are submitted electronically through the CBS portal.
The reporting frequency is monthly, with deadlines typically around the 10th working day of the following month.
Consequences of Non-Compliance
Late or inaccurate reporting may result in administrative penalties. Ensuring timely and correct submissions is essential to avoid fines.