Starting 1 July 2023, the Egyptian Minister of Finance mandates that companies must use electronic invoices for proving deductible expenses under income tax law No. 91 of 2005 and VAT law No. 67 of 2016.
Key takeaways of the Decision attached are as follows:
🔹 Only electronic invoices will be considered for tax deductions and refunds.
🔹 This requirement does not apply to paper invoices issued before the obligation date.
🔹 New e-invoice & e-receipt format standards are added to those in Article 37 of the unified tax procedures.
Latest Posts in "Egypt"
- No Paper Invoices Accepted for VAT Refund Requests from July 1, 2023, Says Tax Authority
- ‘Revised Rules’ Now Mandatory on Proofs of Origin for Exports from EU to Egypt Only
- Briefing document & Podcast: E-Invoicing & E-Reporting in Egypt
- Egypt Mandates Electronic Invoice Verification for Factoring Finance Under New FRA Regulations
- ETA: No VAT Refunds if Tax Already Treated as Business Cost to Prevent Double Benefit
