Page 66 - P6 Slide Taxation - Lecture Day 4
P. 66

“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.



                    $               €                                                          £             ¥
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