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As cross-border trade within the European Union (EU) continues to expand, the demand for accurate statistical data on the movement of goods between Member States has become more critical than ever. Intrastat reporting is designed to capture this data, providing essential information for economic analysis, policymaking, optimization of companies’ logistics operations and check on potential VAT fraud. This article provides a clear and comprehensive overview of Intrastat reporting, detailing its purpose, requirements, and best practices for compliance.
What is Intrastat Reporting?
Intrastat reporting is a system by EU Member States that collects statistical information on the import and export of goods between countries within the European Union. Established in 1993 with the introduction of the EU's Single Market, Intrastat replaced customs declarations for transactions that occur within the community. Its primary goal is to gather data on trade, which can be used to monitor the performance of the single market and support economic policy decisions.