Egypt Ministry of Finance has signed a contract to launch an electronic invoicing system by early 2020/
The Egyptian finance minister Mohamed Maait said that digital transformation contributes 6-8% to gross domestic product (GDP) based on international indicators. The Ministry of Finance is currently developing the country’s tax system which sees 9 million tax invoices, Maait added during Ahram Economic Conference on Sunday.
In addition, the ministry is also finalising amendments to the income tax law and value-added tax law. Maait noted that 93% of Egyptians use mobile phones, while 33% have banking accounts.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now