{"id":564998,"date":"2021-03-11T13:37:44","date_gmt":"2021-03-11T13:37:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/"},"modified":"2021-03-11T13:37:44","modified_gmt":"2021-03-11T13:37:44","slug":"timeline-for-all-companies-to-join-e-invoicing-system-announced","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/","title":{"rendered":"Timeline for all companies to join e-invoicing system announced"},"content":{"rendered":"<p><a id=\"tldr-story-02\" class=\"content-anchor\"><\/a> <strong>EXCLUSIVE- FinMin releases timeline for nationwide rollout of B2B <\/strong><strong>e-invoicing system:<\/strong> 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 Authority, tells us.<\/p>\n<p><strong>Companies in Cairo, Alexandria and governorates west of the Nile Delta will need to log <\/strong><strong>all of their business-to-business invoices in the system before the end of this year. <\/strong>Firms in the Suez Canal cities and in governorates east of the Nile Delta will be brought into the fold by 1H2022. Upper Egypt-based companies will join the system by the end of 2022, he added. The Finance Ministry hopes to see all companies issuing B2B invoices using the system by April 2023.<\/p>\n<p><strong>Wait, does that mean I don\u2019t have to join in July?<\/strong> If you\u2019re counted as a large taxpayer, then you must have signed up by 1 July 2021. The longer rollout period ending in 2023 is only for companies not on the roll of large taxpayers. Large taxpayers (which number at around 2.8k companies) who don\u2019t join the system <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61c78b1b-ec60-46e8-9760-c995c81f34b9\">will face penalties<\/a> that include inclusion in the Tax Authority\u2019s black list and being denied basic government services.<\/p>\n<p><strong>What is this e-invoicing system, you ask?<\/strong> We have a primer on the system, its purpose, the timeline of implementation along with a list of phase one companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">here<\/a>.<\/p>\n<p><strong>CATCH UP QUICK- <\/strong><\/p>\n<ul>\n<li><strong>The Egyptian Credit Bureau (iScore) is launching an electronic system that would <\/strong><strong>update banks on whether someone is deceased<\/strong>, iScore Chairman Mohamed Kafafi told <a href=\"https:\/\/bit.ly\/3vgm7WI\">Al Mal<\/a>. The system, which is currently in the trial phase, will launch at the end of June, he adds.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 Authority, tells us. Companies in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[10047],"tags":[633,276,871,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564998","post","type-post","status-publish","format-standard","hentry","category-speed-round-regulation-watch","tag-enterprisepm","tag-finance-ministry","tag-regulation-watch","tag-tax","wpautop","entry"],"acf":{"mongo_id":"d7ffbf62-2086-4872-9cb4-37cb4716bab0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[564992],"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>Timeline for all companies to join e-invoicing system announced - 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\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Timeline for all companies to join e-invoicing system announced\" \/>\n<meta property=\"og:description\" content=\"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 Authority, tells us. Companies in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-11T13:37:44+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Timeline for all companies to join e-invoicing system announced\",\"datePublished\":\"2021-03-11T13:37:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/\"},\"wordCount\":297,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterprisePM\",\"Finance Ministry\",\"regulation watch\",\"tax\"],\"articleSection\":[\"SPEED ROUND: REGULATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/timeline-for-all-companies-to-join-e-invoicing-system-announced\/\",\"name\":\"Timeline for all companies to join e-invoicing system announced - 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The government had\u2026","rel":"","context":"In &quot;REGULATION WATCH&quot;","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/458.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557462,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/e-invoicing-rollout-rolls-on\/","url_meta":{"origin":564998,"position":2},"title":"E-invoicing rollout rolls on","author":"enterpriseam admin","date":"20 September 2021","format":false,"excerpt":"Joint stock companies and investment companies in Cairo will have to register with the government\u2019s electronic invoicing platform and begin issuing digital invoices by 15 December under a directive (pdf) issued by the Tax Authority on Thursday. The decision will affect more than 3.7k companies, the names of which were\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\/2021\/9\/271.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":564998,"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. The trial period will last for 11 weeks until 1 July when the system will be officially\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\/4\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546774,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/finmin-to-rollout-e-receipts-nationwide-by-mid-2025\/","url_meta":{"origin":564998,"position":4},"title":"FinMin to rollout e-receipts nationwide by mid-2025","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"All companies will be required to implement the new e-receipt system for B2C transactions by July 2025, the Finance Ministry said in a statement Thursday outlining the timeline for the rollout of the real-time digital system. The ministry has been piloting the system with around 100 taxpayers since April, and\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\/5\/379.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557569,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/and-so-it-begins\/","url_meta":{"origin":564998,"position":5},"title":"And so it begins...","author":"enterpriseam admin","date":"23 September 2021","format":false,"excerpt":"A pilot program for B2C e-invoicing has kicked off: The Finance Ministry has announced the rollout of electronic invoicing for business-to-consumer transactions, marking a new phase of the government\u2019s efforts to bring more Egyptian businesses into the formal economy and and make it more difficult to avoid giving the taxman\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\/2021\/9\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=564998"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564998\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564992"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564998"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564998"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}