Tax Date

This field contains the tax date that will be shown on VAT transactions. By default, this is the same as the invoice date.

If certain country packs are enabled, this date can be changed as needed. If the tax date is updated, the voucher exchange rate is also changed to the rate in effect on that date. After voucher saving but prior to voucher posting, if the exchange rate is different from the rate on the PO receipt date, you are prompted to post the voucher. When the voucher is posted, a currency gain or loss journal entry is created to account for the difference. Exchange rates for adjustments are not updated when the tax date is changed.

See the country guides for more information about tax dates.