Egypt Regulatory Updates May 2024

Mandatory Electronic Receipt Issuance Begins in Egypt

Funders obligated to the sub-phase (fourth) of the fourth main phase of the electronic receipt system in Egypt must issue electronic receipts as of May 15, 2024. This requirement is part of Egypt's digitalization efforts, specifically in the realm of electronic receipts, aimed at enhancing transparency and efficiency in financial transactions.

The implementation of electronic receipts is a significant step towards modernizing financial processes and ensuring real-time monitoring by the Egyptian Tax Authority through an electronic system.