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Product Updates 421, 420 and 419: More exchange rate options available for VAT register reports (Polish legislation)

The exchange rate for transactions in the foreign currencies can now be calculated and returned with more exchange rate options for the VAT register reports. This enhancement will be available for the JPK_VAT and JPK_VDEK format types and will be applicable for sales and purchase registers.

The enhancements are as follows:

VAT register

In the VAT register screen, the Exchange rates drop-down box has been updated with the following options:

• Tax date
• Delivery date
• Reporting date
• Entry date
• Rate in entry 

In addition, the new Use rates field has been added to provide options in identifying the exchange rate source that will be used in calculating the amount for the PLN currency of the foreign currency transactions.

The following screen displays the new options, field, and additional columns available via this product update: 

The following table illustrates the changes that have been made to the existing exchange rate options:

Additional columns

Additional columns will be displayed in the VAT codes and journal selection under the data selection section. The columns will provide important details that will assist you in preparing the VAT register for the selected VAT codes and journal numbers.

For more information, see Product Update 417: VAT register introduced for sales and purchase (Polish legislation).