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Reading: E-receipt system not a substitute for e-invoice: Tax Authority
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Dailynewsegypt > Blog > Business > E-receipt system not a substitute for e-invoice: Tax Authority
Business

E-receipt system not a substitute for e-invoice: Tax Authority

Daily News Egypt
Last updated: 2022/06/15 at 7:13 AM
By Daily News Egypt 2 Min Read
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E-receipt system not a substitute for e-invoice: Tax Authority
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Reda Abdel Kader — Head of the Egyptian Tax Authority — stressed that the electronic receipt (e-receipt) system is a natural extension of the electronic invoice (e-invoice) system to cover all types and forms of electronic transactions from all parties.

In a statement on Tuesday, Abdel Kader said that the development and mechanisation projects that the authority is currently witnessing are linked to each other as per Egypt’s 2030 Vision for digital transformation.

He noted that the phasal obliging of financiers and those charged with the e-receipt system as per the Ministry of Finance’s decision No. 230 of 2022 is not related to the phasal obliging of financiers and those charged with the e-invoice system.

Moreover, Abdel Kader said that the e-receipt system is not considered a substitute for the e-invoice system, but rather is a complement to the digital transformation process, as the e-invoice serves as a proof of purchase within the commercial sector.

He explained that the e-invoice system was launched on 30 June 2020 and was implemented in six phases. The seventh phase will start on 15 June 2022, and the rest of its phases will be completed according to the previously specified time plan.

The e-receipt system, however, will be applied over five phases according to the decision No. 230 of 2022, as it completes the last episode in commercial transactions, which deals with the purchasing facility from the electronic billing system — which may be a retailer, service provider, professional, or otherwise — in terms of the final consumer and has a national number and no tax registration number.

He also pointed out that financiers and taxpayer must join the e-receipt system in accordance with the dates specified by the decision of the Minister of Finance.

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TAGGED: e-invoice, E-receipt, tax
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HDB targets 25% growth in profits, various activities by 2023-end: CEO
HDB targets 25% growth in profits, various activities by 2023-end: CEO
Banking
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
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146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
Banking
Al Ahly Pharos tops brokerage ranking in May
Al Ahly Pharos tops brokerage ranking in May
Business
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