Unoffical translation
Press release
Office of the Head of the Egyptian Tax Authority – Media Unit
Dr. Fayez Al-Daba’ani Head of the Egyptian Tax Authority:
– The Egyptian Tax Authority organizes free online seminars weekly for exporters and importers to explain the electronic invoice system and link it with a window system.
– No company will be allowed to import, export or deal with the customs system (in force) unless it deals with and issues electronic tax invoices.
Dr. Fayez Al-Daba’ani, Head of the Egyptian Tax Authority, confirmed that the aim of linking the customs system “window” and the “electronic bill” system is to accelerate the pace of release of goods and merchandise, and this is consistent with the state’s tendency to unify the databases of the tax and customs authorities in order to maximize efforts to integrate the economy. Informal in the formal economy, noting that, according to the directives of the Minister of Finance, it was decided to form permanent committees and technical support teams at the ports to ensure immediate intervention, and accelerate the pace of customs release of shipments with emergency priority, so that it includes in its membership representatives of the Egyptian tax and customs authorities and the two companies «E-Finance». And “MTS”, where one of these committees is concerned with dealing with customs certificates for used items, and the other with air shipments.
Dr. Fayez Al-Daba’ani pointed out that the Egyptian Tax Authority is keen to spread correct tax awareness and explain everything related to the electronic invoice system, especially to exporters and importers, especially after the networking between the databases of the electronic invoice system and the customs system (window), where the Egyptian Tax Authority organizes two online seminars Line weekly for exporters and importers on Sunday and Wednesday to explain the electronic invoice system and link it with a window system, and these seminars, their dates, and their link will be announced on the authority’s official pages on (Facebook, Twitter, and Instagram), and on the website of the authority, pointing out that financiers will be banned Those who do not join the electronic invoice, and those who do not deal or issue electronic tax invoices from dealing with the Customs Authority and the customs system (in force), whether in import or export.
The Head of the Tax Authority referred to the Ministry of Finance’s keenness and unremitting efforts to unify the databases of tax and customs payers, and to link the system (electronic invoice) that monitors commercial transactions of companies in real time, and the unified electronic platform for national trade (window) that monitors exports and imports in real time as well. Which helps to match invoice values with the codes of imported items, thus contributing to reducing tax evasion rates and maximizing the state’s public revenues.
“Dr. Fayez Al-Daba’ani” stated that only electronic invoices will be considered in proving costs and expenses that must be deducted, as well as in deducting or refunding value-added tax as of July 1, 2023, indicating that the application of the electronic invoice system aims to eliminate arbitrary estimates and works to establish Tax justice, based on the electronic invoice, which is matched with the tax returns submitted by all parties to commercial and service transactions.
Source Egypt tax authority
