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Tax Authority sets final deadline for companies to join e-invoice system z - Daily News Egypt

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Tax Authority sets final deadline for companies to join e-invoice system z

Reda Abdel Kader, head of the Egyptian Tax Authority, has announced that Wednesday is the final deadline for companies to join the new electronic invoice (e-invoice) system. Companies that fail to register at the system may face legal litigation. Abdul Kader said, in a statement on Tuesday, that companies that did not join the e-invoice …


Reda Abdel Kader, head of the Egyptian Tax Authority, has announced that Wednesday is the final deadline for companies to join the new electronic invoice (e-invoice) system. Companies that fail to register at the system may face legal litigation.

Abdul Kader said, in a statement on Tuesday, that companies that did not join the e-invoice system would not be able to deal with any state agencies, bodies, and companies.

He called on the companies registered at the Large Taxpayer Center, which are obligated to join the e-invoice system, to quickly take the necessary measures to join the system so as not to be subject to litigation risks.

According to the Article 35 of the Unified Tax Procedures Law, companies and legal persons are obligated to register their sales and purchases on the e-invoice system. Article 37 of the same law stipulates that every taxpayer is obligated to issue an invoice or receipt in electronic form.

The Large Taxpayer Center provides technical support and assistance in terms of all tax types, such as value-added tax, income tax, and stamp duty.

The e-invoice system launched its first mandatory phase in mid-November 2020, extending its umbrella to 134 companies. The second phase was implemented on 15 February 2021, covering 347 companies. The third phase began on 15 May and included the rest of the companies registered at the Large Taxpayer Center.

Topics: Tax Authority

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https://dailyfeed.dailynewsegypt.com/2021/09/14/tax-authority-sets-final-deadline-for-companies-to-join-e-invoice-system-z/
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