Surprise..there are no new taxes related to the electronic bill application

The Egyptian Tax Authority obligated all financiers, whether companies or self-employed persons, to register data in the electronic invoice system before the middle of this month.

Application of tax procedures penalties

Tax Authority warned those who are not committed to applying the penalties stipulated in the Tax Procedures Law as a case of tax evasion, and indicated that no contracts will be made with state units except for companies registered in the system.

Last date to join the electronic bills 

In this regard, Dr. Mohsen Al-Jayar, Director of the Assistance Department for Registrants at the Tax Authority, said that the deadline for joining electronic bills is December 15. 

In light of the submission of many requests from the self-employed, especially sole proprietorships, directives were issued to the Minister of Finance to extend the application for joining until next April 30. 

Al-Jayar explained another matter, which is that joining the system is only limited to individual establishments, which is any entity owned by only one person.

He pointed out that the deadline for joining the entity that is owned by more than one person, and takes the legal form of a “company”, whether a company of persons or funds committed to joining the bill, is December 15th.

He pointed out that the Minister of Finance and the head of the Tax Authority have formed committees in the various unions to erase the fears and obstacles associated with each profession and activity, stressing that there are no new taxes related to the application of the electronic invoice. 

He called on all financiers to communicate directly with the Tax Authority, and the Authority organizes more than one seminar daily to join the electronic billing system and its terms and conditions.