Egyptian Tax Authority Chairman, Mokhtar Tawfik, reaffirmed the authority's commitment to promoting proper tax awareness and providing clear explanations regarding the electronic invoicing system, particularly for exporters and importers.

This commitment has become more crucial following the integration of the electronic invoicing system with the customs system, known as "Nafeza." The Egyptian Tax Authority conducts two weekly online seminars on Sundays and Wednesdays to elucidate the electronic invoicing system and its connection to Nafeza.

Announcements for these seminars and their respective links are shared on the official social media platforms (Facebook, Twitter, Instagram) and the Tax Authority's website.

Effective from July 1^st, non-compliant funders who do not engage in electronic invoicing or issue electronic tax invoices will be prohibited from conducting customs dealings through the Egyptian Customs Authority and the Nafeza system, both in terms of imports and exports.

Unifying tax and customs databases:

Tawfik also emphasized the Ministry of Finance's dedication to unifying the tax and customs databases and connecting the electronic invoicing system, which captures real-time commercial transactions for companies, with the unified e-platform for national trade, known as " Nafeza."

This integration helps monitor imports and exports in real-time and facilitates the matching of invoice values with imported goods' tariff codes, thereby combating tax evasion and maximizing the state's general revenues.

Starting from July 1^st, 2023, only electronic invoices will be considered valid for substantiating costs, expenses, and VAT deductions or reimbursements.

The implementation of the electronic invoicing system aims to eradicate arbitrary estimations and foster tax equity by cross-referencing electronic invoices with tax declarations submitted by all parties involved in commercial and service transactions.

Furthermore, Tawfik stated that the Tax Authority is committed to providing various means of awareness and free technical support for funders to join the electronic invoicing system. This includes organizing intensive seminars and meetings with institutions, authorities, associations, and unions within the community.

Additionally, online awareness seminars will be conducted, with the dates and registration links announced on the Tax Authority's website and official social media pages.

To ensure a smooth transition and compliance with the electronic invoicing system, the Tax Authority offers comprehensive guidance materials accessible through a dedicated link titled "Your Guide to Dealing with the Electronic Invoicing System."

Enhancing transparency and combating evasion:

As Egypt continues its efforts to modernize its tax system, the integration of the electronic invoicing system with the customs system represents a significant step forward.

The move aims to enhance transparency, simplify procedures, combat tax evasion, and optimize revenue collection for the country.

By providing extensive support and promoting tax awareness, the Egyptian Tax Authority is fostering a culture of compliance and contributing to the sustainable development of the national economy.