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Rate Conversion

Islander13 · 2012-09-08 11:01:51

I have a modest amount of non euro denominated income. Whats the revenues preferred methodology around translating that into a euro amount for tax purposes? Average rate for the year? Rate on the date the income was received? Also do they allow you to use banks commercial rates rather than mid rates? I haven't actually…

08-09-2012 11:01am

#1

Islander13

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I have a modest amount of non euro denominated income. Whats the revenues preferred methodology around translating that into a euro amount for tax purposes? Average rate for the year? Rate on the date the income was received? Also do they allow you to use banks commercial rates rather than mid rates? I haven't actually brought into the country so there's no correct rate per se.

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Comments

#2 08-09-2012 6:22pm

MBateson

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Revenue.ie has conversion rates for each tax year for the popular currencies, search their site

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