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Minister of Finance: Launching the implementation of the "electronic receipt" system project within days

The Minister of Finance, Dr. Mohamed Maait, confirmed that, during the next few days, the implementation of the “electronic receipt” system project will be launched, provided that the first experimental phase of this system, which includes 100 financiers, will be launched within 6 months, as it is based on the establishment of an electronic central system, which enables the interest of Taxes include monitoring all commercial transactions of goods and services between financiers and “B2C” consumers in real time, and verifying their validity, through electronic integration with the sales devices of merchants and service providers “POS”, through the installation of sales movement control devices “SDC” in them, as provided by It contributes to integrating the informal economy into the formal economy, reducing tax evasion, establishing the foundations of tax justice, achieving the principle of equal opportunities among financiers in the Egyptian market, and collecting the dues of the state’s public treasury.


The minister said that “Microsoft” and a technology and operation company for tax solutions “E. Taxes are implementing the “electronic receipt” system at the Tax Authority, which helps achieve many advantages for financiers, including: facilitating tax examination procedures, in the shortest possible time, ending repeated fulfillment visits, examining sales receipt files electronically, with the possibility of remote examination, and facilitating The process of preparing and submitting tax returns, as there will be no need to submit sales receipt data in light of keeping it in a central database at the Tax Authority, which gives it legal authority, in addition to protecting consumers and ensuring their right to obtain a good service or good, while facilitating the return of non-conforming goods. for specifications.


The minister added that the electronic receipt system does not affect the privacy of the citizen, and does not aim to know the level of his consumption, and that it is a smart mechanism to ensure that the taxes paid by the consumer on goods and services reach the state’s public treasury instantaneously, pointing out that the electronic receipt system will be compatible with most points. Selling to wholesalers and retailers who sell to the final consumer, and that the process of joining the system will be simple and inexpensive.


The minister pointed out that the “electronic receipt” system comes as a complement to the electronic invoice system, which will be integrated with it within the framework of the national project to modernize and automate “taxes,” explaining that 1,842 companies have joined the electronic invoice system so far, and sent more than 23.5 million electronic invoices; Reflecting our success in this experience, which Egypt was able to be among the first countries in Africa and the Middle East to implement it.


The minister stressed that the measures taken by the state to raise the efficiency of the tax system, combat tax evasion, and collect the state’s right in the interest of the national economy, contribute to maximizing public revenues, closing the budget deficit, reducing the size of the debt, increasing spending on health and education, upgrading services provided to citizens and improving their standard of living. .