How does this affect me?
Admins and finance users will be able to specify an Exchange rate type for Intrastat calculations, ensuring alignment with tax logic and reducing manual adjustments:
- Multiple VAT registration numbers enabled:
- Without an Exchange rate type: standard algorithm applies (transaction → accounting → Intrastat currency using default rate).
- With an Exchange rate type: specified rate is used for Intrastat currency calculation.
- Single VAT registration number:
- Without an Exchange rate type: default rate calculates Intrastat amounts to accounting currency.
- With an Exchange rate type: specified rate is applied for Intrastat to /accounting currency.
What action do I need to take?
This message is for awareness, and no action is required.
If you would like more information on this feature, please visit Define application of exchange rates in Intrastat reporting.