Malaysia (MYS): Tax for Foreign Currency Transactions
If the DocumentCurrencyCode is different from the TaxCurrencyCode, you need to specify the exchange rate.
In the MyInvois platform, when the Document Currency Code (modeled in the DocumentCurrencyCode element in VRBL) is different from the Tax Currency Code (modeled in the TaxCurrencyCode element in VRBL), then you must specify the exchange rate.
Elements
Use the TaxExchangeRate element to model this information:
| Element | Cardinality | Description |
|---|---|---|
Tax Exchange Rate (Invoice/TaxExchangeRate/) | 0..1 | A group of elements that specify the tax exchange rate that is applied to the Document amounts. |
Source Currency Code (Invoice/TaxExchangeRate/SourceCurrencyCode) | 1..1 | Indicates the source or transaction currency. This is the same as the currency specified in the DocumentCurrencyCode element. |
Target Currency Code (Invoice/TaxExchangeRate/TargetCurrencyCode) | 1..1 | To indicate the destination currency. |
Calculation Rate (Invoice/TaxExchangeRate/CalculationRate) | 1..1 | The exchange rate. The rate is used to calculate the exchange. If the source currency is in USD, then the USD amount equals this rate multiplied by the target currency. |
Example
<Invoice>
<!-- Code omitted for clarity -->
<cac:TaxExchangeRate>
<cbc:SourceCurrencyCode>USD</cbc:SourceCurrencyCode>
<cbc:TargetCurrencyCode>MYR</cbc:TargetCurrencyCode>
<cbc:CalculationRate>4.733</cbc:CalculationRate>
</cac:TaxExchangeRate>
<!-- Code omitted for clarity -->
</Invoice>
Updated 11 days ago