With the realization of European Monetary Union and the
introduction of the EURO, the following scenario may arise: A
company (company code) has already converted to the EURO, but the
tax office to which it must submit its tax reports requires it to
present its advance return for tax on sales/purchases in the
relevant country currency (alternative local currency).
For Release 4.0, the following programs have been changed to allow local currency amounts to be translated into another currency:
Currency translation into the alternative local currency can be
activated (client-independent) for the programs listed above in
In table TEURB, you can specify for each company code and program into which currency and with which exchange rate type the currency translation should be carried out.
When starting one of the above programs, you can enter the following information on the selection screen:
Choose the Customizing activities:
Activate alternative local currency for advance tax return
Specify alternative local currency for sales/purchase tax return