Egypt to launch e-invoicing system by early 2020

Tuesday 24 December 2019 10:41 CET | News

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.

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Keywords: Egypt, MENA, e-invoicing, electronic invoicing, national invoicing system, mandatory e-invoicing, Ministry of Finance
Categories: Banking & Fintech
Countries: Egypt
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Banking & Fintech

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