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The collected VAT amounts are reported for and paid in the national currency of the country where the entity is registered. If the sales or purchases were paid using foreign currencies (other than the national currency), the amounts of deals were converted to the national currency, and the taxes are calculated and paid in the national currency. Revaluation of VAT Payable accounts in the accounting currency is not performed.
Reporting
Financial reports can show you the financial information for each entity and the consolidated information for the company.
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