Hi Satish
I think it might be different per localization, here is a default Australian Demo DB screenshot below:
There might be a setting for this somewhere, but I don't recall ever seeing one. What I do recall is that if your localization is in the European Union countries, then a third option is added for EU. Countries that don't have EU relations will not get this option. Therefore I will assume that Foreign Revenue is a requirement in some localizations, but not in the USA, Australian or South African ones, which I have worked with for many years. But still I could be wrong.
Kind regards
Peter Juby