Intrastat

Hungary joined the united market of the European Union on 1 May 2004. In consequence of the cessation of customs borders, products may move freely without any administrative limitation. It means that statistical data shall be collected directly from distributing companies in reference to the commerce between Hungary and other member countries instead of former customs protocol. The new statistical system called Intrastat is regulated by the highest level EU legislation (regulations) in greater detail, the compliance with it is obligatory for all member countries.

Who is obliged to submit Intrastat data?

Reporters of Intrastat are those Hungarian companies / undertakings with a Hungarian tax number, which either import products from EU-member country/countries (importation) or export products to these countries (exportation). Only those companies are obliged to provide data whose 12 month EU import or export data exceeds the so-called reporting threshold specified and published by KSH (Hungarian Central Statistical Office) for a calendar year in advance.

Reporting treshold values

In case of import 170 million HUF / 12 months, in case of export 100 million HUF / 12 months.

From when is an economic entity obliged to submit data?

The economic entity is obliged to provide Intrastat data from the month of the calendar year when the total value of their Intrastat-report of the previous 12 months, or failing that the total value of their Community acquisition and Community sales included in their VAT-statement, exceeds the reporting threshold.

For advice or price quote regarding Intrastat, please contact us.

Source: www.ksh.hu