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Electronic Invoicing Egypt
Egypt has been one of the pioneers in the African continent in the adoption of the clearance model on e-invoicing.
According to the mandate that is being introduced gradually, all companies operating in the country must issue their invoices electronically from February 2022.
In practice, this means that invoices shall be registered and validated by the Egyptian Tax Authorities before sending it to the buyer or customer.
The path towards e-invoicing started in March 2020 with Decree 188 from the Ministry of Finance defining a stepped e-invoicing mandate.
The first phase in B2B included 134 large companies, starting on 15 February 2021; a second phase was extended to 347 additional large companies required to implement the mandate before July 2021; a new Decree from November 2021 introduced a six-phased implementation e-invoicing for all companies from February 2022. However, the prevailing 7-day rule for sending e-invoices will be gradually reduced to real-time from January 2023.
Failure to comply will make that companies will not be able to deduct VAT input tax on paper tax invoice when required to apply e-invoicing.
B2G mandate was introduced and required to all suppliers from July 2021.
Want to learn more about e-Invoicing compliance?
Download our Global e-invoicing and Tax Compliance fact sheet here for more information.
Electronic Invoicing Egypt
Egypt has been one of the pioneers in the African continent in the adoption of the clearance model on e-invoicing.
According to the mandate that is being introduced gradually, all companies operating in the country must issue their invoices electronically from February 2022.
In practice, this means that invoices shall be registered and validated by the Egyptian Tax Authorities before sending it to the buyer or customer.
The path towards e-invoicing started in March 2020 with Decree 188 from the Ministry of Finance defining a stepped e-invoicing mandate.
The first phase in B2B included 134 large companies, starting on 15 February 2021; a second phase was extended to 347 additional large companies required to implement the mandate before July 2021; a new Decree from November 2021 introduced a six-phased implementation e-invoicing for all companies from February 2022. However, the prevailing 7-day rule for sending e-invoices will be gradually reduced to real-time from January 2023.
Failure to comply will make that companies will not be able to deduct VAT input tax on paper tax invoice when required to apply e-invoicing.
B2G mandate was introduced and required to all suppliers from July 2021.
Want to learn more about e-Invoicing compliance?
Download our Global e-invoicing and Tax Compliance fact sheet here for more information.
Archiving
A VAT registrant is required to maintain proper books and records to record its transactions. A VAT registrant must retain such records together with copies of the invoices for five years, following the end of the fiscal year when the entries are made.
Records can be kept and archived electronically.
Want to know more about Basware’s archiving services?
Download our Basware Vault fact sheet here to learn more about our flexible and scalable solution.
Archiving
A VAT registrant is required to maintain proper books and records to record its transactions. A VAT registrant must retain such records together with copies of the invoices for five years, following the end of the fiscal year when the entries are made.
Records can be kept and archived electronically.
Want to know more about Basware’s archiving services?
Download our Basware Vault fact sheet here to learn more about our flexible and scalable solution.
Basware Services
Basware offers CloudScan for clients to scan their paper invoices via optical character recognition (OCR) technology.
Arabic is the official language of Egypt, but English continues to be widely spoken and used in the business environment. Only English is supported at this time.
Please note that our offering could be conditioned to the current and upcoming e-invoice mandate changes.
Want to find out how we can help in your specific case?
Speak to a member of our team to learn more.
Basware Services
Basware offers CloudScan for clients to scan their paper invoices via optical character recognition (OCR) technology.
Arabic is the official language of Egypt, but English continues to be widely spoken and used in the business environment. Only English is supported at this time.
Please note that our offering could be conditioned to the current and upcoming e-invoice mandate changes.
Want to find out how we can help in your specific case?
Speak to a member of our team to learn more.
Interoperability
Basware currently has no connections to any interoperability partners in Egypt.
Interoperability
Basware currently has no connections to any interoperability partners in Egypt.
Our advice
Paper, in specific handwritten invoices, remains a challenge.
Our supplier portal and CloudScan could assist in digitizing paper invoices.
Please note that our offering could be conditioned to the current and upcoming e-invoice mandate changes
Want to understand how we can help in your case?
Get in touch with our experts.
Our advice
Paper, in specific handwritten invoices, remains a challenge.
Our supplier portal and CloudScan could assist in digitizing paper invoices.
Please note that our offering could be conditioned to the current and upcoming e-invoice mandate changes
Want to understand how we can help in your case?
Get in touch with our experts.
Electronic Invoicing Egypt
Egypt has been one of the pioneers in the African continent in the adoption of the clearance model on e-invoicing.
According to the mandate that is being introduced gradually, all companies operating in the country must issue their invoices electronically from February 2022.
In practice, this means that invoices shall be registered and validated by the Egyptian Tax Authorities before sending it to the buyer or customer.
The path towards e-invoicing started in March 2020 with Decree 188 from the Ministry of Finance defining a stepped e-invoicing mandate.
The first phase in B2B included 134 large companies, starting on 15 February 2021; a second phase was extended to 347 additional large companies required to implement the mandate before July 2021; a new Decree from November 2021 introduced a six-phased implementation e-invoicing for all companies from February 2022. However, the prevailing 7-day rule for sending e-invoices will be gradually reduced to real-time from January 2023.
Failure to comply will make that companies will not be able to deduct VAT input tax on paper tax invoice when required to apply e-invoicing.
B2G mandate was introduced and required to all suppliers from July 2021.
Want to learn more about e-Invoicing compliance?
Download our Global e-invoicing and Tax Compliance fact sheet here for more information.
Archiving
A VAT registrant is required to maintain proper books and records to record its transactions. A VAT registrant must retain such records together with copies of the invoices for five years, following the end of the fiscal year when the entries are made.
Records can be kept and archived electronically.
Want to know more about Basware’s archiving services?
Download our Basware Vault fact sheet here to learn more about our flexible and scalable solution.
Basware Services
Basware offers CloudScan for clients to scan their paper invoices via optical character recognition (OCR) technology.
Arabic is the official language of Egypt, but English continues to be widely spoken and used in the business environment. Only English is supported at this time.
Please note that our offering could be conditioned to the current and upcoming e-invoice mandate changes.
Want to find out how we can help in your specific case?
Speak to a member of our team to learn more.
Interoperability
Basware currently has no connections to any interoperability partners in Egypt.
Our advice
Paper, in specific handwritten invoices, remains a challenge.
Our supplier portal and CloudScan could assist in digitizing paper invoices.
Please note that our offering could be conditioned to the current and upcoming e-invoice mandate changes
Want to understand how we can help in your case?
Get in touch with our experts.
Find e-invoicing compliance and regulatory updates by country:
Africa
Asia
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Europe
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North America
Canada | Colombia | Costa Rica | Ecuador | Mexico | Panama | United States