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  • 5.20. Do I need to show foreign currency gains or losses on my Business activity statement (BAS)?

    Non-interpretative – straight application of the law

    Foreign currency gains or losses are not an adjustment event and are not required to be shown on the BAS.

    However, foreign exchange gains and losses would need to be calculated for income tax purposes.

      Last modified: 31 Oct 2017QC 16359