(POL) Set up VAT exchange rates for foreign currency sales invoices [AX 2012]

Updated: November 27, 2013

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

You can use the Exchange rate calculation rules for currency pairs form to set up an exchange rate calculation rule for a currency pair. The exchange rate calculation rules are used to convert value-added tax (VAT) amounts for foreign currency sales invoices to VAT amounts in a destination currency, such as Polish zloty.

NoteNote

This topic does not apply to versions of Microsoft Dynamics AX 2012 prior to cumulative update 7 for AX 2012 R2.

When you post a sales invoice that contains VAT amounts in a foreign currency, Microsoft Dynamics AX 2012 R2 identifies the currency of the invoice, and then converts the VAT amounts as follows:

  • If the VAT amount is in euros, AX 2012 R2 converts the VAT amount directly to the destination currency.

  • If the VAT amount is in a foreign currency other than euros, AX 2012 R2 converts the VAT amount to a triangulation currency such as euros, and then converts the VAT amount from that triangulation currency to the destination currency.

To set up a VAT exchange rate rule, follow these steps:

  1. Click General ledger > Setup > Currency > Exchange rate calculation rules for sales tax.

  2. Click New or press CTRL+N to create a record.

  3. In the Valid for field, select All to apply the rule to all of the exchange rate types or select Table to apply the rule to an exchange rate type.

  4. If you select Table in the Valid for field, then in the Exchange rate type field, select an exchange rate type to apply the rule to.

  5. In the Valid for field, select All to apply the rule to all of the legal entities or select Table to apply the rule to a legal entity.

  6. If you select Table in the Valid for field, then in the Company field, select a legal entity to apply the rule to.

  7. In the From currency field, select the currency to convert the amounts from.

  8. In the To currency field, select the destination currency to convert the amounts to.

  9. In the Triangulation currency field, select the triangulation currency to convert the amounts to before converting the amounts to the destination currency that you specify in the To currency field. The standard selection for the triangulation currency is euro.

You can include additional lines that contain mismatched amounts on the sales VAT register report by selecting the Show details check box in the Sales VAT register report. For more information, see (POL) Sales VAT register (report).


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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