Introduction to Currency Conversion for Local Tax to CHF

This functionality covers the conversion of tax into another local currency (CHF) than the overall local one (= local currency in the COMPANY application (EUR)), defining the all tax categories to convert, and considers the trade exchange rates (not input date exchange rates) for currency conversions.

To cater for all taxes that may need converting to either CHF or SGD, there is a generic routine that can accommodate all taxes where a conversion to country local currency is required. As a result, the taxes that are quoted in the FSD, are in a way that these are examples of tax types that can be processed instead of stating a definite list of taxes that this routine can handle.