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Former Member
Nov 24, 2011 at 01:03 AM

PO: Tax amt to be convert into local currency for government declaration

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Dear All,

I have this scenario where the Company currency and Vendor currency is in USD.

Because of Domestic Purchase, so Tax/VAT is incurred.

For my case, because company and vendor currency are both in USD, but when declare the tax to the government, we need to convert it into local National Currency which is SGD.

Can your please advice if somewhere in SAP standard where i can enter the SGD rate or amount for the tax, or somewhere i can configure to make it auto determine the SGD rate and tax amount?

Thank you very much,

CW