{"id":573601,"date":"2020-08-11T04:28:13","date_gmt":"2020-08-11T04:28:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/egypts-tax-authority-is-rolling-2-5k-companies-into-its-e-filing-system-in-1q2021\/"},"modified":"2020-08-11T04:28:13","modified_gmt":"2020-08-11T04:28:13","slug":"egypts-tax-authority-is-rolling-2-5k-companies-into-its-e-filing-system-in-1q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/egypts-tax-authority-is-rolling-2-5k-companies-into-its-e-filing-system-in-1q2021\/","title":{"rendered":"Egypt\u2019s Tax Authority is rolling 2.5k companies into its e-filing system in 1Q2021"},"content":{"rendered":"

Second phase of Tax Authority\u2019s e-filing rollout to take place in 1Q2021:<\/strong> More than 2.5k companies will be required to submit tax returns and sales receipts electronically when the government rolls out the second phase of its e-filing system in 1Q2021, said Mohsen El-Gayar, Director of Taxpayer Services at the Tax Authority, according to Al Mal<\/a>. The authority hasn\u2019t decided how many phases it will use to fully roll out the system to all Egyptian businesses, El Gayar said.<\/p>\n

About the system<\/a><\/strong>: <\/strong>Companies will be able to submit tax returns and sales receipts electronically on the system, which will also give businesses the ability to complete audit requests online, eliminating the requirement to maintain physical receipts of sales invoices. This all comes as part of the government\u2019s planned unified digital tax payment system, which will enable businesses to file and pay income tax, stamp tax, VAT and real estate tax through a single online platform.<\/p>\n

We had <\/strong>last week<\/a><\/strong> reported that the system would be introduced across the board starting from 15 November<\/strong>, thanks to some ambiguities in the statement issued by the Finance Ministry. Only the 134 companies that included MM Group, El Sewedy Cables, Beni Suef Cement, Coca-Cola and P&G Egypt will be required to electronically file before the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Second phase of Tax Authority\u2019s e-filing rollout to take place in 1Q2021: More than 2.5k companies will be required to submit tax returns and sales receipts electronically when the government rolls out the second phase of its e-filing system in 1Q2021, said Mohsen El-Gayar, Director of Taxpayer Services at the Tax Authority, according to Al […]<\/p>\n","protected":false},"author":1,"featured_media":573602,"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":[8572],"tags":[5623,5665,72,276,2380,766,288,7110],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-e-filing","tag-electronic-tax-filing-system","tag-enterpriseam","tag-finance-ministry","tag-speed-round","tag-stamp-tax","tag-tax-authority","tag-vat","wpautop","entry"],"acf":{"mongo_id":"e2aba6f3-3259-4090-a12e-cd73c7e591ef","is_powered_by":true,"section_story_id":"55dfb38b-b3e4-4641-ba16-43c9425307a9","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/8\/81.jpg","photo_position":"above","related_issue":[573584],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Tax Authority is rolling 2.5k companies into its e-filing system in 1Q2021 - 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Companies will submit tax returns and sales receipts electronically on the system, which will also give businesses the ability to complete audit requests online, eliminating\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630598,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/finance-ministry-plans-digital-revamp-of-tax-filing-system-aims-to-clamp-down-on-bogus-receipts-in-bid-to-bolster-state-revenues\/","url_meta":{"origin":573601,"position":2},"title":"Finance Ministry plans digital revamp of tax filing system, aims to clamp down on bogus receipts in bid to bolster state revenues","author":"enterpriseam admin","date":"26 April 2018","format":false,"excerpt":"EXCLUSIVE- Finance Ministry plans digital revamp of tax filing system, aims to clamp down on bogus receipts in bid to bolster state revenues: The Finance Ministry is looking to revamp the tax filing system, with the goal of making it fully digital and building a single platform to file and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567810,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/unified-tax-platform-goes-live-in-january\/","url_meta":{"origin":573601,"position":3},"title":"Unified tax platform goes live in January","author":"enterpriseam admin","date":"8 December 2020","format":false,"excerpt":"Some 11k of Egypt\u2019s largest taxpayers will begin filing taxes through the government\u2019s new unified tax platform from 1 January as the Tax Authority begins to overhaul the way it collects and monitors taxes, Mohsen El Gayar, director of taxpayer services at the authority, tells Enterprise. 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