Intrastat is a mandatory reporting requirement for businesses trading cross border within the European Union.
It is used to collate statistical information on intra-community trade between Member States of the European Union. The obligation to submit an Intrastat return is required if a business trading cross border exceeds Intrastat thresholds set by every Member State.
Intrastat thresholds vary from country to country – they can be set as low as €700 per calendar year, as currently set in Malta, and can even reach €1,5m as adopted by Belgium. Most of the authorities within the European Union have released their Intrastat thresholds for 2017. The full list of the provisional thresholds for 2017 can be found here.
To date, it has been confirmed that changes in 2017 will affect seven countries – Bulgaria, Croatia, Denmark, Latvia, Lithuania, Hungary and Romania. The tendency in the past has been to increase the Intrastat thresholds however this has changed for 2017 as five out of seven countries have decided to decrease their Intrastat thresholds mainly lowering the Dispatches threshold. Bulgaria and Croatia have reduced both – Arrivals and Dispatches thresholds.
Hungary and Romania have announced a large increase on the Arrivals thresholds, reaching 170 million HUF and 900,000 RON respectively.
The Netherlands remain as the only Member State to introduce an annual Intrastat filing frequency. Annual reporting is required if the Arrivals threshold exceeds €1 million and Dispatches exceed €1.2 million. The reporting frequency will change to monthly only if the threshold of €5 million is breached for both obligations.
These changes will take effect from January 2017.