MIC-INTRA Intrastat Reporting

Intrastat, the statistical reporting requirement for intra-EU trade, mandates the monthly filing of reports on key data for shipments between the EU Member States with each national government.

Each member state has its own reporting requirements. Since the intrastat reports are often used to track VAT fraud, companies operating in the EU must ensure that reports are both highly accurate and consistent.

MIC-INTRA is the only software package available that incorporates in one module the toolset to meet the intrastat filing requirements of virtually all of the EU member states, and represents a uniquely efficient and cost-effective solution to the problem of EU statistical reporting.

MIC-INTRA is designed to interface with company ERP systems to obtain shipping and product data, then validate and convert that data to intrastat filings in the formats required by the EU member states.

This ensures that data filed with one member state is consistent with that filed with another, and that all filings are consistent with shipment and financial data in the company ERP systems. This not only greatly reduces the workload typically associated with intrastat reporting; it also substantially reduces risk of a negative outcome in the event of a VAT audit.