Intrastat
Trusted throughout Italy and Europe, you can rely on our experts for comprehensive advice and management of Intrastat declarations:
- Peace of mind from accurate, compliant, and timely Intrastat management.
- Full visibility of data and automatic updates of VAT entries on the VIES portal.
- Expert and up-to-date advice from our Intrastat specialists, when you need it.
You get a full Intrastat service with the Customs Support Group
Be confident in your compliance with our Intrastat management service. From advice to VAT reconciliation, we’ll help you navigate the complexities of European tax and customs with ease. You can rely on us to provide:
- Compliant and complete data: our solutions meticulously verify your data to ensure it matches the supporting documents, keeping you safe and legally sound.
- Timely VAT reconciliation: we regularly monitor the VAT records of you and your partners to ensure that your declarations and records remain accurate.
- Invoice and draft registration: full management of intra-community and commercial documents, VAT settlement labels, and first note registry.
- Declarations of intent: smooth creation and processing of declarations of intent for purchases from Italian suppliers and non-EU imports.\
- VAT refund claims: submission of claims and supporting evidence to the Inland Revenue for purchases of goods and services made within the European Union.
- Expert advice: our specialists have the experience and up-to-date knowledge to keep your Intrastat processes safe, compliant, and free from fuss.
The Leading AEO-Certified Customs Agent in Europe
Intrastat | Frequently Asked Questions (FAQ)
What is Intrastat?
Intrastat is a statistical reporting system for trade in goods and services within the European Union. It serves to monitor trade transactions between member countries.
When is the Intrastat obligation triggered?
You must submit an Intrastat form if you buy or sell goods and/or services with other EU states. The frequency depends on the value of the goods and whether you are buying or selling.
If you are a supplier, you must submit your Intrastat declaration on a quarterly basis if your volume of sales does not exceed EUR 50,000 during the quarter. If your volume exceeds this threshold, then your submissions must be monthly..
If you are buying, then note that the quarterly reports were abolished in 2022. If you exceed the quarterly thresholds of EUR 350,000 for goods, or EUR 100,000 for services, then you need to submit monthly Instrastat forms. If you do not reach these threshold, reports are not compulsory but still accepted. If you choose not to submit them, then it is recommended that you keep track of your quarterly spend so that you do not omit your obligations if you go over the threshold.
Who is required to submit Intrastat?
If you purchase or sell goods and services with other European Union member states, exceeding the established value thresholds, then you are required to submit an Intrastat form. Note that you are always required to submit an Intrastat form if you sell goods and services to another EU member state.
When is Intrastat required?
Your Intrastat form must be submitted monthly or quarterly, depending on the volume of your company's transactions. The deadline is the 25th of the month following the reference period.
What must be entered in the Intrastat?
All of your purchases and sales of goods and/or services made with other EU member states must be entered in your Intrastat form. Details include but aren’t limited to the nature of the transaction, commodity code, value, and quantity.
When are intra-community transactions considered to have taken place?
Intra-community transactions are considered to have taken place when goods are dispatched or received, or when services are provided or received.
Who checks Intrastat?
The control of Intrastat is carried out by the customs and tax authorities of the member country where the company is based. In Italy, the Customs and Monopolies Agency handles these controls.
What are the penalties for omitted Intrastat?
Penalties for omitted, incomplete or incorrect submission of the Intrastat form may vary, but may include significant fines and other administrative penalties.
What does the Intrastat declaration procedure offered by Customs Support Group include?
The Customs Support Group Intrastat declaration procedure includes the collection and verification of data on intra-community transactions, completion of Intrastat forms, and their telematic transmission to the competent authorities within the prescribed deadlines.
Furthermore, we provide comprehensive advice regarding Intrastat and regular compliance checks of your declaration and VAT records.
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