So far, more than 52,000 companies have registered on the e-invoice system, and sent more than 154 million electronic invoices
Minister of Finance, Mohamed Maait has revealed that a trial run for the new “e-invoice” system is set to go live on April 15, announcing that joining/using the system will become mandatory as of July.
The e-invoice system will enable the tax authority to better follow up on all commercial transactions of companies selling goods and providing services directly with consumers (B2C), which will be verified through integration with point-of-sale (POS) devices.
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Maait explained that joining the e-invoice system will contribute to strengthening companies’ tax position by classifying them among the companies with low tax risks, as well as helping them develop mechanisms for issuing receipts, verifying the validity of the elements and data of receipts for the parties before issuing them, and facilitating internal or external audit procedures in companies.
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So far, more than 52,000 companies have registered on the e-invoice system, and sent more than 154 million electronic invoices, the minister noted.
