Foreign-currency invoices (USD, EUR)

When to use a foreign-currency invoice

If you invoice international clients in USD or EUR, create the invoice in that currency. Amaniq stores the amounts in the invoice currency and handles the TZS conversion for TRA reporting.

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Creating a foreign-currency invoice

When creating a new invoice:

1. In the Currency field, select USD or EUR.
2. Enter the line items in that currency.
3. In the Exchange rate at invoice date field, enter the TZS rate for today (e.g., 2650 for USD).

The invoice PDF will show amounts in the invoice currency. The TZS equivalent is stored internally for accounting.

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Marking a foreign-currency invoice as paid

When the client pays:

1. Click Mark as Paid.
2. Enter the amount received in the invoice currency (e.g., USD 1,740.50).
3. Enter the exchange rate at payment — this may be different from the rate at invoice date.

The TZS equivalent at payment is what flows into your VAT return and analytics. This is the correct treatment for TZS VAT reporting.

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Important: VAT on foreign-currency invoices

If your invoice includes standard 18% VAT and is in USD or EUR, Amaniq will warn you when you try to issue an EFD receipt:

"TRA may dispute VAT charged in a foreign currency."

This is because TRA's position on VAT for foreign-currency transactions can be complex. You must explicitly confirm that VAT applies before the EFD receipt can be issued. If your sale is actually zero-rated or exempt (which many export/international services are), change the tax type on the invoice before issuing.

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Tax types for foreign-currency sales

Tax type	When to use
Standard (18% VAT)	Sales to Tanzanian VAT-registered clients. Use with caution for foreign-currency invoices.
Zero-Rated	Exports of goods and services to outside Tanzania.
Exempt	Services that TRA exempts from VAT (financial services, education, health, etc.)
Not Registered	Your client is not VAT-registered — no VAT charged.

If you are unsure which tax type applies to your specific transaction, consult your tax advisor.