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Interpretation Note 63 - Rules for the translation of amounts measured in foreign currencies

21 September 2011   (0 Comments)
Posted by: SAIT Technical
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INTERPRETATION NOTE: NO. 63

DATE: 19 September 2011

RULES FOR THE TRANSLATION OF AMOUNTS MEASURED IN FOREIGN CURRENCIES

This Note provides guidance on the application of the foreign currency translation rules contained in the Act, except for those in –

• section 24I; and

• the Eighth Schedule which are dealt with in the Comprehensive Guide to Capital Gains Tax (Issue 3).

 

To access the Interpretation note, click here


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