- Since July 1, 2023, only electronic invoices are accepted as proof of costs or expenses for tax returns in Egypt.
- Deductions and refunds of value-added tax (VAT) are exclusively processed through electronic invoices.
- Participation in the electronic invoice system is mandatory for interactions with governmental bodies and sectors in Egypt, and entities failing to join the system may face restrictions in engaging with various government entities. The adoption of electronic invoicing is seen as a significant step towards digital transformation and aims to improve the efficiency of tax audits and integrate the informal economy into the formal sector.
Source SNI
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- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
