Cairo – Mubasher: Egypt has launched the national project for automating the tax system in a bid to streamline procedures for tax payers and combat tax evasion.
About 400 companies have completed procedures to use the electronic invoicing system in two phases, the Minister of Finance, Mohamed Maait, said in a statement on Wednesday.
The deadline for applying for the e-invoicing system for top taxpayers is 15 May, he added.
On 15 November 2020, the Egyptian Tax Authority required 134 companies of the top corporate taxpayers to issue electronic tax invoices.
The second phase of making e-invoices obligatory, which began on 15 February 2021, included 350 companies, while the third phase, which will start on 15 May 2021, will include the remaining of the top corporate taxpayers.
