Rasha Abdel-Al, the Head of the Egyptian Tax Authority, has announced the initiation of the third and fourth sub-stages of the fourth main stage of the electronic receipt system under Decision No. 702 of 2023. This directive mandates businesses and listed taxpayers to begin issuing electronic tax receipts for services or goods to consumers starting February 1, 2024. The detailed information and the complete list can be accessed on the official page of the Egyptian Tax Authority.
Abdel-Al emphasized the need for affected entities to follow the technological guidelines provided by the authority for generating electronic tax receipts. The primary objective of the electronic receipt system is to establish a central electronic platform that simplifies the tracking of commercial transactions between businesses and consumers. Abdel-Al highlighted the importance of compliance and provided helpful resources, including a guide on the official page and a dedicated inquiry link for those impacted.
In Egypt, the electronic receipt system represents a significant shift in tax administration, allowing the Tax Authority to efficiently overseas transactions. The initiative involves integrating electronic systems with the accounting setups and Point of Sale (POS) devices used by merchants and service providers.
