Page 5 - P6 Slide Taxation - Lecture Day 5 - Foreign Exchange
P. 5
“Exchange difference”
A foreign exchange gain or loss in respect of an exchange
item during any yoa.
”Depends on how far the transaction is”
Difference between what?
Ruling exchange rate on…
→ TD and RD or → TD and TLD or
→ TLD and RD or → TLD and TLD
“Foreign currency”
Any currency that is not a local currency.
$ € £ ¥
