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How is the Statistical Value calculated for Intrastat ?

edited Oct 14, 2024 12:54PM in Inventory Management 2 comments

Summary:

Intrastat collects two transaction values, Invoice Value and the Statistical Value.

Normally, the Invoice Value directly comes from the invoice - in the Invoice Currency, but if the Reporting Currency is different from the Invoice Currency, then the Statistical Value displays the value in the Reporting Currency.

Assuming that there is no freight factor, is the understanding correct that Statistical Value is the Invoice Value in Reporting Currency?

If there is a difference between the Invoice Currency and the Statistical Currency, how does Intrastat determine the conversion rate, though 'Manage Conversion Rate Types'?

I'm currently investigating some issues with Intrastat for Sweden, Finland and Denmark - the Statistical Value calculation seems to be incorrect for Triangulation Transactions, and in case of Finland where the Reporting Currency and Invoice Currency are both EUR, the Stat. Value is missing on some transactions, while they are appearing correctly on others.

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