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Product Update 411: Goods & services tax (GST) official exchange rates implemented (Malaysian legislation)

As of product update 411, the VAT or GST revaluation functionality has been implemented in accordance to the GST requirements for transactions involving foreign currencies. This GST revaluation functionality allows you to revalue foreign currency transactions based on the latest exchange rates for the return submission. You can manage the GST exchange rates via System ? General ? Countries ? Exchange rates. For more information on the revaluation functionality, see VAT official exchange rates.

For related documents, see New VAT return box (12), and Tax reporting form layout upgraded (GST-03) sections at Product Update 411: GST reporting functionality upgraded (Malaysian legislation).