Statistics Denmark regularly collects statistical information on trade between the EU member states via the Intrastat declaration platform. However, new EU legislation will entail some changes to Intrastat from January 2022. The modernisation of Intrastat will make it possible to raise the threshold values for mandatory declarations, allowing more enterprises to be exempted from submitting declarations to Intrastat Import and Intrastat Export. In this article, you can read about the new requirements in Intrastat starting from 2022.
Who is required to submit information to Intrastat?
Your enterprise is required to submit information to Intrastat if its annual imports from other EU member states exceeds a certain amount (DKK 13 million in 2021), or annual exports to other EU member states exceeds a certain amount (DKK 10 million in 2021). If your imports/exports from or to other EU member states exceed these threshold values, you must submit a monthly declaration to Intrastat. The declaration deadline for a given month is the 10th weekday of the following month.
If your imports/exports from or to other EU member states is below the minimum threshold values, you are not required to provide any statistical information at all. You will automatically be informed by Statistics Denmark if your enterprise is required to submit declarations to Intrastat.
Intrastat Export
Here are the new requirements in Intrastat Exports, which came into force on 1 January 2022.
New mandatory information
Starting from January 2022, reporters with an annual Intrastat export of DKK 10 million or more in 2021 must also declare the country of origin of the goods and the VAT number of the receiving party. With the modernisation of Intrastat, declaring this information has now become mandatory.
Transaction types
From January 2022, certain types of transactions will be allocated to new codes. One of the transaction types will also be removed, as enterprises are no longer required to declare that transaction type.
File formats
Three file formats introduced as temporary transitional solutions will be discontinued from January 2022. The formats are:
- FTP
- INTRA-DK
- NY INTRA-DK
New threshold value
The legal requirement for reporting foreign trade has changed, making it possible to raise the threshold values and exempt a number of enterprises from declaring. This applies to enterprises that had less than DKK 10 million in Intrastat exports in 2021.
Intrastat Import
You can find the new requirements in Intrastat Import here.
Transaction types
New codes have been added, and the content of individual codes has been changed.
File formats
Three obsolete file formats can no longer be used for submitting declarations to Intrastat Import and Intrastat Export. The formats are:
- FTP
- INTRA-DK
- NY INTRA-DK
New threshold value
Enterprises that had less than DKK 13 million in Intrastat imports in 2021 are exempt from declaring.
A simpler future
In the coming years, the modernisation of Intrastat is expected to result in a 25-50 percent reduction in the Intrastat reporting workload for the business community.
Out of approximately 4,000 reporters to Intrastat Export, up to 1,000 smaller exporters are expected to become exempt from declaring. Additionally, up to 3,000 smaller importers will gradually be exempted from declaring to Intrastat Import.
Need help?
If your enterprise requires assistance or has a lot of unanswered questions about declaring, Azets can help. Contact us for advice, guidance and help with submitting Intrastat declarations to Statistics Denmark.
