Intrastat

    Statistical reporting of goods traded between EU countries.

    Definition

    Intrastat is the system used for collecting data on the trade of goods between EU member states. Businesses exceeding certain trade thresholds must submit monthly Intrastat declarations, reporting details like commodity codes, value, weight, and partner country.

    Related Terms

    Cross-Border VAT
    VAT implications for transactions between different EU countries.
    VAT (Value Added Tax)
    A consumption tax levied at each stage of the supply chain.

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