R12.2.6 Is it feasible to set up or customize e-Business Tax to have a transaction exchange rate as
Dear E-Business Tax Experts,
R12.2.6
Is it feasible to set up or customize e-Business Tax to calculate a tax amount as follows?
Tax Rate * Taxable Amount / Transaction Exchange Rate for a foreign currency invoice
For instance,
Tax Rate = 0.08 per unit
Taxable Amount (Quantity) = 100
Exchange Rate = 2
Tax Amount = 100 * 0.08 / 2 = 4
We have a quantity based tax and its rate is in the functional currency. That is why we need to divide it by the transaction exchange rate.
Thank you in advance for any ideas.
Best Regards,
Andrey