Egypt’s President Abdel Fattah El-Sisi was briefed on the activation of the main system of comprehensive automation in the Tax Authority as well as developments in the application of the electronic invoice system, the deadline for which has been extended to April 30, as well as the actual operation of the electronic receipt, which integrates with the electronic invoice system.
This came during President Sisi’s meeting on Tuesday with Prime Minister Mustafa Madbouli, Minister of Finance Mohamed Maeet, Deputy Minister of Finance for Financial Policies Ahmed Kajouk and Deputy Minister of Finance for the Public Treasury Dr. Ehab Abu Eish, Presidency Spokesman Ambassador Bassam Radi said.
The president also followed up the developments of other mechanisms and initiatives to combat tax evasion, the inclusion of the informal sector in those mechanisms, the real estate disposal tax system and the performance of the electronic trade follow-up unit in the Tax Authority.
The president also directed the government to continue efforts to improve the tax system in a way that helps reduce the size of the informal economy and facilitate its integration into the national economy, with the aim of achieving tax justice and preventing tax manipulation, as well as simplifying related procedures.
Source: The Egyptian Gazette
