1. Localizations for European Reporting and SEPA Processing Implementation Guide
  2. Considerations for Creating Intrastat Reports

Considerations for Creating Intrastat Reports

Before you create Intrastat reports, determine:

  • The base currency of each of the companies.

  • The currency in which you must submit Intrastat reports for each of the companies.

If the business has multiple companies with multiple currencies, you should approach the Intrastat reporting carefully. You should always be aware of each company's base currency and whether Intrastat reports must be in the euro or an alternate. This information helps to ensure that you convert currencies for Intrastat reporting only if necessary.

Based on the Intrastat reporting requirements for the companies and the countries in which you do business, you can use the processing options and data selection to create different versions of Intrastats - Tax Update - Sales (R0018I1) and Intrastats - Tax Update - Purchasing (R0018I2).