Online sellers mandated for e-invoicing
Egypt e-invoicing, phased in starting in 2020, is to be extended to e-commerce goods and services from 15 September 2021. This coincides with the second-stage rollout of Egypt’s live electronic reporting regime, which began in November 2020 with large taxpayers.
Any resident or non-resident provider over the VAT registration threshold of EGP 20,000 will have to register with the Minister of Finance by 15 September. This will includes goods, but also traditional and digital services. The can then join the new ‘Unified Electronic Platform’ for e-invoicing and monthly electronic returns.
The Egyptian Ministry confirmed the measure as underling the “taxes” digitization projects in raising the efficiency of tax collection, reducing evasion, and monitoring the volume of commercial transactions between companies and each other, and between them and the consumer, through the “electronic invoice” and “electronic receipt” projects. Strengthening the governance of the state’s public revenue system.
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