11 Reasons to Start Using the New E-Invoice in Egypt

Did you know that an e-invoice can save time and effort for accountants and business owners?

Many business owners and supply chain managers are curious to learn more about Egypt’s new e-invoicing system.

Searching for relevant, actionable information can be a hassle. Some of the most common questions about the Egyptian government’s new e-invoicing initiative include:

What is an e-invoice?
What is the importance of the e-invoice?
How to register for the e-invoice ?
What are the required documents to issue an e-invoice?
How can I issue a barcode?

In this article, we’ll explain what an e-invoice is and why it’s important for your business. We’ll also do our best to answer as many of those questions.

What is the new e-invoice in Egypt?

In line with recent decisions and the digital transformation outlined in Egypt’s Vision 2030, electronic transactions have become mandatory for companies of various sizes. To avoid potential fines, make sure to register promptly.

An e-invoice is a digital document that simplifies data exchange and storage online, replacing paper transactions. It serves as proof-of-sale for products or services within the Egyptian tax system.

The purpose of using the e-invoicing system is to minimize paper use in the Arab Republic of Egypt and ensure a clear invoicing system.

benefits of using electronic invoices

The new e-invoice ensures

You don’t have to worry about storing paper invoices till it’s time for your tax audit.
You can conduct tax audits faster and in fewer steps.
You can easily communicate with the Egyptian Tax Authority (ETA) electronically.
You can reduce accounting efforts and workloads. It also streamlines follow-ups for business owners
You can simplify the preparation of tax returns.
You can ensure tax fairness for both business owners and the state.
You can identify accounting and tax errors.
E-invoices protect you against fraudulent companies.
The e-invoice format is standardized across all industries.
E-invoices can be signed electronically.
The e-invoice cannot be tampered with.

These benefits allow everyone to register quickly and easily.

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Frequently asked questions about the e-invoice

How is the E-invoice created?

To create or issue an electronic invoice, you’ll need to go through several stages on the Egyptian Tax Authority’s website. Each stage requires specific procedures that facilitate acceptance by the ETA.

How can I register for the e-invoice?

To register for the e-invoice, you must first create an account on the ETA’s website. You’ll need to prepare some necessary documents to create that account.

What is data required to register for the E-invoice?

According to the Egyptian Tax Authority, you’ll need to prepare the following documents to issue an e-invoice. You must attach copies of the original documents in your application for the e-invoice.

Documents needed are:

Your company’s registration number.
Your company’s email.
Your company’s phone or mobile number.
The name of your company’s Authorized Person (in Arabic and English).
The national ID of your company’s Authorized Person.
The mobile number of your company’s Authorized Person.</
The email of your company’s Authorized Person.