Setting Up Exchange Rate Details
To set up exchange rate details, use the IR56 Exchange Rate Defn HKG (GPHK_IR56_EXCH_TBL) component.
Every year the Inland Revenue Department releases a date that you should use as a reference point for all currency conversion for IR56 reporting. If your organization pays its employees in a currency other than the local currency (HKD), you can maintain the conversion rate and the date used by the IR56 process. The IR56 Exchange Rate Definition page enables you to maintain currency details for a given tax year. The system uses these details for currency conversion when generating IR56 details.
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Page Name |
Definition Name |
Usage |
|---|---|---|
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IR56 Exchange Rate Defn HKG Page |
GPHK_IR56_EXCH_TBL |
Maintain currency details for a given tax year. The details are used for currency conversion when generating IR56 details. For a specific tax year you can enter a rate type and the date from which the rate will apply. |