The Egyptian government has announced that it will start using electronic invoicing, in order to improve fiscal control and reduce tax evasion. The measure was announced in March by the Ministry of Finance through decree Nº.188, and it is part of the government’s wider goal to boost digital transformation in the country.
The electronic invoice will initially be implemented for businesses (B2B), with the goal of expanding to cover businesses to consumers (B2C) in the future. It is estimated that the electronic invoice will be fully implemented for all companies by April 2023.
The implementation of Egyptian electronic invoicing is being conducted through phases following the gradual incorporation calendar published by the Egyptian Tax Authority (ETA).
Source Edicom
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