Familiarize yourself with the concept of Intrastat codes if your business engages in cross-border sales.
If your business engages in cross-border sales of products to other countries within the European Union (EU), it's important to familiarize yourself with the concept of Intrastat codes. These codes play a crucial role in the context of Intrastat declarations, helping to accurately identify and classify the products you're trading.
An Intrastat code is a unique identifier associated with a particular product that you're selling to EU member states. When you conduct transactions with other EU countries, these codes become essential in the process of compiling an Intrastat declaration, which is a statistical report detailing the movement of goods between EU member states.
Including the appropriate Intrastat code for each product you sell facilitates the accurate recording and reporting of your cross-border trade activities. This code functions as a standardized label that signifies the specific type of product being traded. By attaching the correct Intrastat code to your products, you enable authorities to track and analyze trade patterns across the EU effectively.
To enter a products intrastat code go to Products (PIM)>Products
The choose the product you want to enrich with an intrast code and go to the Intrasta code block and enter the correct intrastat code for the product,
NOTE: The intrastat codes updates every year and if your code is invalid you can find the new code here