Mohamed Maait, Minister of Finance, said that, as of 1 April, businesses that do not join the electronic invoice system (e-invoice) will be prevented from dealing with the customs authority, whether in import or export, and obtaining the initial customs entry number “ACID”, through which shipment data is made available.
The minister added that the application of digital tax and customs systems allows integration between the tax and customs authorities, in a way that enhances the governance of exports and imports, and tracks the movement of goods, starting from their arrival at ports until selling products to the final consumer in the local market or exporting outside Egypt.
Source: zawya.com
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