Only electronic invoices will be considered As of July 2023

Only electronic invoices will be considered in proving costs and expenses

Mukhtar Tawfiq, head of the Egyptian Tax Authority, confirmed that as of July 1, 2023, no company will be allowed to import, export, or deal with the customs system (in force) unless it deals with and issues electronic invoices for taxation, pointing out that there is a network connection between the databases of the invoice system. Electronic and customs system (in force), and only electronic invoices will be considered in establishing costs and expenses that must be deducted, as well as in deducting or refunding value-added tax as of July 1, 2023.

The head of the Egyptian Tax Authority pointed out that the application of the electronic invoices system aims to eliminate arbitrary estimates and works to establish tax justice, based on the electronic invoices, which are matched with tax returns submitted by all parties to commercial and service transactions.

“Mukhtar Tawfiq” said that the interest is keen to provide all means of awareness and free technical support for financiers to join the electronic bill system, by holding seminars and intensive meetings with all community institutions from entities, bodies, associations, and unions, as well as organizing online awareness seminars whose dates and special link are announced. In her presence through the Authority’s website and the Authority’s official pages on social media, pointing to the provision of all guidelines for the electronic bill system through the link of your guide to dealing with the electronic bill system.