Invoices in foreign currencies

Posted 30 October 2016 under Tax Q&A
TaxTim says:
19 October 2016 at 19:40

How should I account for invoices in foreign currencies? Should I use the Bank of Namibia's official exchange rate on the invoice date? Or the date on which payment is received?

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TaxTim TaxTim says:
30 October 2016 at 17:48

In practice, the date on which the payment was actually received in the bank account.