After completing the implementation of its e-Invoicing system, Egypt is planning to introduce a new system called ‘’e-Receipt’’ to collect taxes instantly on goods and services. Owned by the Ministry of Finance, the e-Receipt system (for B2C transactions) aims to have a more precise estimation of taxes and include unrecorded economic activities that will help realize economic and development objectives. The electronic receipt system is based on a centralized electronic system that allows the tax office to monitor all transactions between sellers and consumers in real time.
Timeline of the e-Receipt
With the Egyptian tax authority’s (ETA) first announcement in April 2022, the new system were explained. The pilot phase started on the 15th of April and the obligation will start for large taxpayers on July 1st, 2022. Second phase begins in October 2022 for 400 additional companies. 2.000 companies will join the obligation on 15 January 2023. Fourth group of taxpayers were included in the B2C obligation on 15 April 2023. The implementation timeline is expected to be similar to the e-Invoicing timeline. Due to the MoF’s announcement, full implementation will be completed in 2024, including for small companies.
Technical details of e-Receipt
The new system will allow the verification of transactions through electronic integration with points of sale (POS). Receipts should be generated in JSON format. A digital signature and UUID (a unique key at system level that is generated based on receipt content) will be the details that should be included in the e-Receipt. Another essential matter to remember is that the e-Receipt must include a QR code. The authorities will be able to verify the receipt using this code.
How can SNI help you?
SNI’s Egypt e-Invoicing is an end-to-end solution. That means data retrieving from SAP, data mapping, processing, and communication with tax authorities will be performed under a single SNI SAP solution. With our solution, within your SAP, end users will simply and automatically be able to extract the financial data and convert it to the XML file, which the key user can monitor in the user-friendly SNI cockpit. End users can also send those files automatically to the Egyptian tax authority via SNI connector or their own servers. They are then assessed, and once validated, the responses from ETA are transmitted to the SNI screen again. In that way, end users can check their invoice status in real time.
SNI solution integrates with clients’ systems without the need for updates to existing system versions and is independent of SAP versions. SNI’s SAP solution is compatible with SAP ECC 4.7 and above, as well as SAP Business Technology Platform (BTP), SAP R3 and SAP S/4HANA. In addition, SNI provides ERP-independent solutions designed to integrate with any ERP system clients may use.
