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Apr 12, 2023
12:10 AM
Apr 12, 2023
12:10 AM
Change for FX conversion in Concur
- Employee has local Bank Credit Card (Visa, Mastercard etc.) and uses it internationally or via online transaction, he/she must submit bank statement showing the details of the transaction breakdown including (Transaction amount in the used currency, Exchange rate, Mark Up, VAT, and the total amount in local currency)
- Employee has local Bank Debit Card, and uses it internationally or via online transaction, he/she must submit bank statement showing the details of the transaction breakdown including (Transaction amount in the used currency, Exchange rate, Mark Up, VAT, and the total amount in local currency)
- Employee has International Bank Credit card or debit card, he/she will only submit the total amount of the transaction in Foreign currency. company will FX rates available on SAMA for the day of transaction and process the payment accordingly.