{"id":319967,"date":"2020-12-15T10:09:48","date_gmt":"2020-12-15T10:09:48","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=319967"},"modified":"2020-12-15T10:09:48","modified_gmt":"2020-12-15T10:09:48","slug":"egyptian-exporters-should-register-in-new-e-invoicing-system-or-lose-their-export-subsidy","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2020\/12\/15\/egyptian-exporters-should-register-in-new-e-invoicing-system-or-lose-their-export-subsidy\/","title":{"rendered":"Egyptian exporters should register in new e-invoicing system or lose their export subsidy"},"content":{"rendered":"

Egyptian exporters looking to get export subsidies should register on the Tax Authority\u2019s electronic invoicing system before July, Tax Authority boss Reda Abdel Kader said, according to local press.<\/p>\n

The move is in line with a recent cabinet decision banning local authorities from entering into contracts with parties not registered on the system by the same deadline, Abdel Kader says<\/p>\n

That decision applies to exporters as well, Abdel Kader said, since they are required to apply for tax discounts or communicate the subsidies they\u2019re owed through public authorities, including the Trade Ministry and tax and customs authorities. Exporters are eligible for monetary payouts and other tax incentives under the country\u2019s export support programs.<\/p>\n

The first trial phase of the e-invoicing system was rolled out last month with 134 companies on board.<\/p>\n

The second phase will include an additional 340, and is expected to launch in February 2021. All government affiliated bodies, meanwhile, were ordered to register as soon as possible.<\/p>\n

All B2B transactions, whether by private or public bodies, are also expected to be accounted for on the system by 30 June 2021, the ministry recently said. All tax-paying companies will be enrolled gradually until April 2023, Finance Minister Maait separately said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian exporters looking to get export subsidies should register on the Tax Authority\u2019s electronic invoicing system before July, Tax Authority boss Reda Abdel Kader said, according to local press.<\/p>\n","protected":false},"author":4,"featured_media":319968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[27,33],"tags":[96],"class_list":["post-319967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-export","category-main","tag-egyptian-exporters"],"yoast_head":"\nEgyptian exporters should register in new e-invoicing system or lose their export subsidy - egy-africa<\/title>\n<meta name=\"description\" content=\"Egyptian exporters looking to get export subsidies should register on the Tax Authority\u2019s electronic invoicing system before July, Tax Authority boss Reda Abdel Kader said, according to local press.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2020\/12\/15\/egyptian-exporters-should-register-in-new-e-invoicing-system-or-lose-their-export-subsidy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian exporters should register in new e-invoicing system or lose their export subsidy - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Egyptian exporters looking to get export subsidies should register on the Tax Authority\u2019s electronic invoicing system before July, Tax Authority boss Reda Abdel Kader said, according to local press.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2020\/12\/15\/egyptian-exporters-should-register-in-new-e-invoicing-system-or-lose-their-export-subsidy\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T10:09:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/exports-web-e1607955494726.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2020\/12\/15\/egyptian-exporters-should-register-in-new-e-invoicing-system-or-lose-their-export-subsidy\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2020\/12\/15\/egyptian-exporters-should-register-in-new-e-invoicing-system-or-lose-their-export-subsidy\/\",\"name\":\"Egyptian exporters should register in new e-invoicing system or lose their export subsidy - 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