E-Business Tax (MOSC)

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R12.2.6 Is it feasible to set up or customize e-Business Tax to have a transaction exchange rate as

edited Sep 19, 2017 5:03AM in E-Business Tax (MOSC) 1 commentAnswered

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

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