Читать книгу International Taxation - Adnan Islam - Страница 74

Exchange gain or loss with respect to gross income or receipts that is to be received after the accrual date is realized on the date payment is made or received. Exchange gain or loss realized is determined by multiplying the units of nonfunctional currency received by the spot rate on the payment date, and subtracting from that the amount determined by multiplying the units of nonfunctional currency received by the spot rate on the booking date. Exchange gain or loss realized on an item of expense is determined by multiplying the units of nonfunctional currency paid by the spot rate on the booking date and subtracting from such amount the amount determined by multiplying the units of nonfunctional currency paid by the spot rate on the payment date.