Enable additional exchange rate types for tax currency conversions
Important
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| Enabled for | Public preview | General availability |
|---|---|---|
| Admins, makers, marketers, or analysts, automatically | - | 
Jul 14, 2023 |
Business value
The tax authority usually requires a company to declare a tax amount in the local currency and a specific exchange rate in the import/export business. Currently, Dynamics 365 Finance only allows for the tax amount calculation that's based on the transaction currency. Finance then converts to the tax currency amount through the accounting currency or reporting currency. This feature provides additional tax-specific exchange rate types and converts a transaction currency amount into the tax currency amount directly.
Feature details
This feature enables additional exchange rate types for tax currency conversions. You can maintain the tax exchange rate types based on the local tax authority requirement. Tax is calculated based on the transaction currency amount of the document and converted to the tax currency amount using this exchange rate type.
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