Taxes: The electronic receipt system is a natural extension of the electronic bill system

Mukhtar Tawfiq, head of the Egyptian Tax Authority, confirmed that the development and engineering of the procedures achieved by the Tax Authority is a quantum leap that contributes to improving the mental image of its customers in terms of replacing paper procedures with automated procedures, which prompted the Tax Authority to launch several electronic systems, including the electronic receipt system, which is considered a natural extension For the electronic billing system, in order to cover all types and forms of electronic transactions that take place between all parties to commercial operations, which allows the Authority to follow up on all sales or purchase movements that take place in the market, noting that all development and mechanization projects in the Authority enjoy continuous and accurate follow-up from the Minister of Finance .

Mukhtar Tawfiq indicated that the electronic receipt system operates through a large central system within the Tax Authority, which is operated through electronic integration between electronic accounting systems and point-of-sale devices for merchants, companies, or service providers.

The head of the Tax Authority added that the electronic receipt system aims to verify the validity of the data of the source of the receipt, as well as integrating the informal economy into the formal system, so that the principle of equal opportunity and justice is established between companies. Not only this, but it also helps the country to build up a huge database of business transactions. Which contributes to data analysis, which supports government decision-making, which results in improving the services provided to the citizen.

The head of the Tax Authority said that the electronic receipt is the cornerstone of facilitating automated or remote examination procedures, which is what the authority is seeking at a rapid pace.

Mukhtar Tawfiq continued that one of the advantages of applying the electronic receipt system for taxpayers is facilitating internal and external audit procedures, facilitating the process of submitting tax returns, strengthening the taxpayer’s tax position, and reducing his exposure to a high degree of risk with the authority. He added that as of April 15, the implementation of the fourth phase began. (First sub-stage) of the electronic receipt system, in accordance with Binding Resolution No. (168) of 2023.

The head of the Egyptian Tax Authority called on financiers to make decisions that oblige the electronic receipt system to quickly join the system so that they are not subject to the law.

The Head of the Tax Authority stated that the tax community can view all information related to the electronic receipt system through your guide in dealing with the electronic receipt system through the following link: https://www.eta.gov.eg/ar/