Egypt Publishes Updated Guides on E-invoicing Obligations

February 13, 2023

The Egyptian Tax Authority (ETA) published the second version of the e-invoicing guides.

Timeline

The guides were published on February 13, 2023.

Impact

The Egyptian Tax Authority (ETA) has recently published four updated guides that cover important topics related to the introduction of the e-invoicing system. These guides are designed to help businesses and individuals understand the process of registering for the e-invoice system, the integration process together with the e-signatures and codes, and frequently asked questions about the system.

Egypt started the introduction of e-invoicing rules on November 15, 2020. ETA phased the rollout of e-invoicing for business-to-business (B2B) invoices across seven phases. 

From July 1, 2022, business-to-consumer (B2C) invoices are also within the scope of e-invoicing obligations. B2C integration is also divided into 5 separate phases. As of January 15, 2023, 2,000 additional companies are also in scope.

Businesses in scope should familiarise themselves with their e-invoicing and reporting obligations and update their invoicing systems in line with ETA’s timeline.

‚ÄćHow Fonoa can help

Fonoa is a global tax automation and compliance solution that helps companies streamline the entire transactional chain so they can scale in a digital, borderless economy. Automate tax determination, minimize risk, and easily handle local tax compliance from one platform, which includes these key products:

Invoicing: Issue tax invoices in locally compliant languages and formats, with support for third-party or self-billing. They’re customizable, as well. 

Reporting: Report transactions in real-time and keep up with evolving cross border and local reporting requirements, all with a single API. Our Dashboard also offers unprecedented visibility of reported transactions globally.

Get in touch!

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Eszter Kovacs
Tax Researcher

Eszter is a Budapest-based Tax Researcher at Fonoa. Previous to her time at Fonoa, she worked as an Associate at the tax law practice group of Baker McKenzie Hungary. Eszter joined Fonoa because she recognizes that the world of taxation is moving towards digitalization, and sees this company as a clear industry leader in that regard.