Toll Free: 80004440824

Frequently Asked Questions on VAT

Last updated on 17 August, 2018


 Back to FAQ

Can the exchange rates be rounded off to fewer decimal places?

The exchange rates must be used exactly as published. Rounding them off to fewer decimal places is strictly not permitted. For example, if the published exchange rate for Dirham to USD is 0.27228, then you must use exactly 0.27228 as the exchange rate for your invoices.

 Previous
Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: