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Conditional VAT in foreign currency - Payment exchange rate gain/loss option

Annaik Boudin on 12/14/2017 12:15:27 AM

VAT is posted on foreign currency. when payment is done, Conditional VAT is reversed to post final VAT. But Exchange rate can differ and generate exchange rate gain and loss.


There is 2 options to handle conditional VAT payment.


 


Actual design


Posted VAT is posted at Payment exchange rate.


Exchange rate gain/loss is posted on conditional VAT / gainLoss acount


 


Options on sales tax code (suggested)


Conditional VAT payment done at invoice rate.


Exchange rate gain/Loss will be on vendor/customer account.


 


Check SAP design in following website Option is available on conditional VAT


https://help.sap.com/saphelp_sbo900/helpdata/FR/4a/31002ba06b47a29c27cb8beb579ca5/frameset.htmConditional

Category: Tax
STATUS DETAILS
Needs Votes
Ideas Administrator

Administrator on 12/27/2019 8:09:06 AM

Thank you for your feedback.

Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.

Sincerely,

PM, Eric Wang

Microsoft.