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Withhold tax on a different exchange rate on payments to Invoices in Foreign Currency
When you enter and pay an invoice denominated in foreign currency, no matter which exchange rate you use to convert the invoice to the country currency, you must calculate the amount of tax to withhold using the designated bank selling rate (and not the average rate for accounting purpose) e.g. In Japan, you shall use TTB bank selling rate for withholding tax calculation and payment in such case. -
Formulas (operators such as 'NOT', '*') in tax group applicability tables to simplify creation & maintenance of applicability rules creation & maintenance.
This idea is created by Tax Calculation service product team to understand the market requirements for Microsoft to build formulas (operators such as 'NOT', '*',) in tax group applicability tables to simplify the creation & maintenance of applicability rules.
Please vote for this idea if you need this feature in your
project.
It will be much appreciated if you can post a comment to share
why you need this feature and what the current pain points are in your business
in this area.
Thanks,
Kai
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