Egypt will launch the first phase of the e-invoicing system on November 15th, with the participation of 134 companies, Al Borsa News cited Head of the Egyptian Tax Authority (ETA) Reda Abdel Qader on October 20th.
The head, meanwhile, did not disclose a timeframe for the following phase.
Mohsen el Gayar, director of taxpayer services at ETA, said earlier this month that 340 companies will be required to submit tax returns and sales receipts electronically starting February, when the second phase is launched.
The ETA is expected to launch a mobile application for electronic receipts next year, according to the official.
Last month, Minister of Finance Mohamed Maait said the new e-invoicing system will become obligatory for all entities.
Source: https://www.arabfinance.com/en/news/details/egypt-economy/527454