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R12.1.3 Is there any standard form or report to see tax amounts in the tax currency?

edited Mar 18, 2018 4:55AM in E-Business Tax (MOSC) 5 commentsAnswered ✓

Hello,

R12.1.3 Oracle e-Business Tax and Payables

What is the purpose of tax currency ?

We have a General Ledger, Payables and Receivables modules in USD functional currency in United Arab Emirates (UAE).

UAE activates a tax regime in January, 2018.

VAT rate is 5%. Tax currency is AED.

I did the set-up  (screenshot is attached).

Then I  created an invoice in USD in Payables (screenshot is attached).

I can see the AED currency in the Payables Invoice Tax Lines Summary (screenshot is attached).

Where can I see the amount of tax in AED?

Is there any standard form or report to see tax amounts in the tax currency?

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