When you have to do Intrastat reporting, there's a lot of monitoring and calculating involved. We can take all that work off your plate so you can continue growing your business.
Intrastat reporting helps the EU and governments keep track of trade between countries. When the value of goods dispatched or received reaches a certain amount, there is an obligation to report it. We can help.
The obligation to Intrastat reporting may relate also to companies that import to the Czech Republic and export their goods to other EU countries. For more information about the VAT in the Czech Republic or Slovakia please see our blog.
Intrastat reports are necessary when the total value of goods dispatched to or received from other EU member states reaches 12,000,000 CZK or more since the beginning of the year or since your VAT ID Number was assigned in the Czech Republic or Slovakia. For more information about the VAT ID Number in the Czech Republic or Slovakia please see our blog.
If your business reaches the threshold of 12,000,000 CZK but you don’t expect another shipment that year, the declaration should be marked “one-time”. Otherwise, you'll need to report more regularly.
No problem. That can be calculated using the EU regulated exchange rate for accounting and Czech or Slovak VAT return purposes. We're able to keep track of this for you, and ensure that it's done correctly.
For more information about the VAT return in the Czech Republic please see our blog.