Important Announcement from the Ministry of Finance

Ministry of Finance

As a continuation of the efforts and activities in force and the distinguished relations that link the association with its strategic partners, in which some external parties are keen to cooperate with the association and its members, we have received from the Egyptian Ministry of Finance to circulate to the members of the association

Dr. Mohamed Maait, Minister of Finance, directed the extension of the eighth phase for companies bound by electronic invoices from December 15 to December 31, 2022, so that they are granted a final two-week grace period. To complete the procedures for obtaining the electronic signature and stamp, and to register on the system; To facilitate the financiers; Especially in light of their need for additional time to complete the extraction of the electronic signature and stamp.

Mokhtar Tawfik, head of the Egyptian Tax Authority, confirmed that December 31, 2022, is the last date for companies bound to join the eighth phase of the electronic bill system, while next April 30 is set as the last date for registering individual entities in the electronic bill system. This is in light of their inquiries, which reflect their need for an additional period to absorb the established procedures and rules, and the important advantages accruing to them as long as they demanded their approval.

He added that the joint committees between the Tax Authority and the various target groups, including members of professional syndicates, which are formed during the deadline set for individual entities, study and overcome all the challenges facing them. In a way that enables them to quickly reconcile their situation and register in the electronic invoice system before the deadline expires at the end of next April, through more facilitating implementation mechanisms.

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