Navigating Intrastat Reporting: A Detailed Overview - Purpose of Intrastat Reporting

Page 2 of 4: Purpose of Intrastat Reporting

Purpose of Intrastat Reporting

The primary objectives of Intrastat reporting include:

• Statistical Data Collection: To gather comprehensive data on the trade of goods between EU Member States, allowing for informed decision-making by policymakers and economists.
• Trade Balance Analysis: To provide a clear picture of the volume and value of trade flows, assisting governments in assessing their trade balance and overall economic health.
• Business Insights: To support businesses in understanding market trends, supply chain dynamics, and opportunities within the EU.

Who Needs to Report?

Any business established in an EU Member State that imports or exports goods to other Member States is required to comply with Intrastat reporting. However, this reporting obligation is based on a specific threshold that varies by country. If a business's trade with other EU countries exceeds the designated threshold during a reference period (for the previous calendar year or in the current calendar year), it must submit Intrastat reports.

Reporting Thresholds

Each Member State establishes its own Intrastat reporting thresholds based on the total value of intra-community trade. It is the businesses’ responsibility to monitor their statistical reporting obligations; however, some Member States notify the businesses about the liability to report Intrastat data (usually at the beginning of each year). Understanding these thresholds is crucial for companies to ensure compliance and avoid penalties.