Date posted: 12/10/2021

Submission on draft determination on approved foreign exchange rates

Inland Revenue issued a draft determination on approved foreign exchange rates

CA ANZ provided feedback on Inland Revenue draft determination – foreign currency approval – foreign exchange rates PUB00401.  This item intends to provide guidance on the source of foreign exchange rates acceptable by the Commissioner.  Examples include how to find the correct foreign exchange rate and how to calculate an NZD cross-rate.  

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