{"id":543976,"date":"2022-02-28T03:57:28","date_gmt":"2022-02-28T03:57:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/"},"modified":"2022-02-28T03:57:28","modified_gmt":"2022-02-28T03:57:28","slug":"finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/","title":{"rendered":"FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>All B2B invoices issued by businesses based in the Greater Cairo Area will <\/strong><strong>be automated by June<\/strong>, director of taxpayer services at the Tax Authority Mohsen El Gayar told Enterprise.<\/p>\n<p><strong>B2C invoices across the country will be fully automated by December<\/strong>, as will B2B invoices from firms in the Delta, Lower Egypt and Upper Egypt, El Gayar said. Since fewer companies operate in these governorates, automating their invoices will be less time-consuming, he explained.<\/p>\n<p><strong>This is sooner than expected:<\/strong> The ministry started its tax automation process for B2B invoices two years ago, originally saying it would have all companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d7ffbf62-2086-4872-9cb4-37cb4716bab0\">using the B2B e-invoicing system by April 2023<\/a>.<\/p>\n<p><strong>The system kicked off in 2020: <\/strong>The first phase of the Tax Authority\u2019s e-invoicing system was up and running in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">November 2020<\/a> with a selected 134 companies who were chosen to kick off the system by logging their invoices electronically to the Finance Ministry\u2019s platform. The system is designed to clamp down on tax evasion and compel companies that have not registered with the Tax Authority to do so.<\/p>\n<p><strong>How does it work?<\/strong> Businesses must obtain an e-signature using the steps <a href=\"https:\/\/www.itida.gov.eg\/arabic\/Pages\/E-Signature.aspx\">outlined here<\/a> and register their products and services to an account on the Tax Authority\u2019s platform. Using the account, they log all of their invoices on the platform. The authority will then be able to track each transaction back through the customer\u2019s regular tax filings, which will include the invoice.<\/p>\n<p><strong>Our digital <\/strong><strong>customs system<\/strong><strong> will also be in full implementation by June<\/strong>, El Gayar said, confirming the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/34333583-f129-4e6d-ab99-763f535eccc2\">timeline<\/a> previously suggested to us by Khaled Nassef, technology advisor for the Egyptian Company for E-commerce Technology. FinMin\u2019s Nafeza system went live for maritime importers in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6c476e4-b695-4719-b2c4-57a24eba139c\">October<\/a> and the ministry is looking to extend the system to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02842f2d-4216-4a4b-92f3-70ea5c592f06\">air freight soon<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All B2B invoices issued by businesses based in the Greater Cairo Area will be automated by June, director of taxpayer services at the Tax Authority Mohsen El Gayar told Enterprise. B2C invoices across the country will be fully automated by December, as will B2B invoices from firms in the Delta, Lower Egypt and Upper Egypt, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":543977,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7382],"tags":[72,276,1033,308,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax","tag-enterpriseam","tag-finance-ministry","tag-jordan","tag-nafeza","tag-tax","wpautop","entry"],"acf":{"mongo_id":"18d53df7-c601-478e-8d52-5674b63b988f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/385.jpg","photo_position":"above","related_issue":[543968],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December\" \/>\n<meta property=\"og:description\" content=\"All B2B invoices issued by businesses based in the Greater Cairo Area will be automated by June, director of taxpayer services at the Tax Authority Mohsen El Gayar told Enterprise. B2C invoices across the country will be fully automated by December, as will B2B invoices from firms in the Delta, Lower Egypt and Upper Egypt, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-28T03:57:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/385.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December\",\"datePublished\":\"2022-02-28T03:57:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/\"},\"wordCount\":318,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/385.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Finance Ministry\",\"Jordan\",\"Nafeza\",\"tax\"],\"articleSection\":[\"Tax\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/finmin-looks-to-rollout-b2b-e-invoicing-for-cairo-by-june-fully-digitize-tax-system-by-december\/\",\"name\":\"FinMin looks to rollout B2B e-invoicing for Cairo by June, fully digitize tax system by December - 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Those who don\u2019t meet the Tax Authority\u2019s\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/11.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564998,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/","url_meta":{"origin":543976,"position":1},"title":"Timeline for all companies to join e-invoicing system announced","author":"enterpriseam admin","date":"11 March 2021","format":false,"excerpt":"EXCLUSIVE- FinMin releases timeline for nationwide rollout of B2B e-invoicing system: The Finance Ministry is planning to gradually rollout the e-invoicing system for all B2B transactions across various governorates after all large taxpayers join the system on 1 July 2021, Mohsen El Gayar, director of taxpayer services at the Tax\u2026","rel":"","context":"In &quot;SPEED ROUND: REGULATION WATCH&quot;","block_context":{"text":"SPEED ROUND: REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544984,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/e-receipt-pilot-starting-1-april\/","url_meta":{"origin":543976,"position":2},"title":"E-receipt pilot starting 1 April","author":"enterpriseam admin","date":"30 March 2022","format":false,"excerpt":"E-receipt system pilot to kick off in April: The Finance Ministry will launch its e-receipt system for B2C transactions this Friday, 1 April, to complement the ongoing rollout of its wider e-invoicing program, it said in a statement yesterday.Who\u2019s involved: The ministry didn\u2019t disclose which companies are taking part in\u2026","rel":"","context":"In &quot;Tax&quot;","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/700.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545825,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/e-receipt-system-pilot-to-kick-off-15-april-official-rollout-set-for-1-july\/","url_meta":{"origin":543976,"position":3},"title":"E-receipt system pilot to kick off 15 April + official rollout set for 1 July","author":"enterpriseam admin","date":"13 April 2022","format":false,"excerpt":"E-receipt system pilot to kick off 15 April: The Finance Ministry will launch a pilot of its e-receipt system for business-to-consumer (B2C) transactions this Friday, 15 April, it said in a statement yesterday. 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