Egypt launches ‘revolutionary’ e-invoice system

Egypt launches ‘revolutionary’ e-invoice system

Sat, 2020-11-14 21:17

CAIRO: Egypt is set to launch a groundbreaking electronic invoice (e-invoice) system on Sunday.

Minister of Finance Mohamed Maait announced the launch of the first phase of the electronic billing system, which will be the first in the country's history.

The minister said several companies will join the system in succession until the end of June 2021, adding that the program is an important step in digital transformation as part of Egypt Vision 2030.

It is also a major step in developing the tax system and raising the efficiency of tax examination, which contributes to reclaiming the rights of the state's public treasury in a way that helps achieve financial and economic goals. It will also enable Egypt to complete its development path and improve citizens' standard of living.

Maait said the