The minister pointed out that the first phase of the electronic invoice system, which was launched on November 15, was successfully completed, stressing that this system is an important step on the road to digital transformation to achieve Egypt's vision 2030. “It enjoys great support from the political leadership, as it is a major step for the development of the tax system, and raising the efficiency of tax examination,” he added. He stressed that all companies that have taken a step from among the steps to join the system must complete the remaining steps in order to join the system. Article 37 of the same law also stipulates that every taxpayer or taxpayer is required to issue a tax invoice or receipt in electronic form, according to Reda Abdel Kader. It also obligated it not to contract with any suppliers, contractors or service providers until after they are registered in the electronic invoice system, no later than the first of next July.

Source: Egypt Today February 15, 2021 13:52 UTC