{"id":8738,"date":"2020-06-12T08:04:14","date_gmt":"2020-06-12T08:04:14","guid":{"rendered":"https:\/\/www.voxelgroup.net\/blog\/egypt-accelerates-the-implementation-of-the-b2g-electronic-invoicing"},"modified":"2021-03-30T14:54:11","modified_gmt":"2021-03-30T13:54:11","slug":"egypt-accelerates-the-implementation-of-the-b2g-electronic-invoicing","status":"publish","type":"post","link":"https:\/\/www.voxelgroup.net\/blog\/en\/egypt-accelerates-the-implementation-of-the-b2g-electronic-invoicing\/","title":{"rendered":"Egypt accelerates the implementation of the B2G electronic invoicing"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_link_target=&#8221;_self&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]<span style=\"font-weight: 400;\">Due to the Covid crisis, the Egyptian Government has implemented legal measures to stop the spreading of the pandemic. This way, the Egyptian Finance Ministry introduced an <\/span><b>electronic invoicing system compulsory for VAT-registered businesses<\/b><span style=\"font-weight: 400;\"> in the country.\u00a0<\/span><\/p>\n<h4><b>Electronic invoicing in Egypt\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Egypt is one of the first countries in the Middle East to implement electronic invoicing. The purpose of the Government is to have more control over taxes and reduce the fiscal evasion at the same time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This new measure is expected to control the Covid pandemic, as it will help minimize physical contact and respect security measures.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This way, the <\/span><b>registered taxpayers will have to issue electronic invoices containing a digital signature of the invoice issuer and the unified code<\/b><span style=\"font-weight: 400;\"> for products and services offered. All of which will have to be pre-approved by the Egyptian Tax Authority (ETA).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><span style=\"font-weight: 400;\">At the moment, the Government has not announced the details and specifications to issue electronic invoices. However, the local Tax Authority is working on the last details and the order will be enforced as soon as they publish it in the official Egyptian Gazette.\u00a0\u00a0<\/span><\/p>\n<h4><b>Advantages of electronic invoicing\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Companies are putting an effort to automate and digitize processes during this crisis. Now more than ever, it is important to cut costs and reduce non-valuable manual and repetitive tasks through technology.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On this line, electronic invoicing provides multiple benefits, specifically to the Administration Departments, such as mitigation of errors and increase on productivity thanks to the automation of processes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, it also contributes to cut costs by reducing the paper and having more documentation visibility and control. In the <\/span><a href=\"https:\/\/www.voxelgroup.net\/blog\/en\/los-beneficios-de-la-factura-electronica-en-el-sector-turistico\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Touristic sector<\/span><\/a><span style=\"font-weight: 400;\">, these competitive advantages are key to <\/span><b>free the back-office departments<\/b><span style=\"font-weight: 400;\"> and provide more efficiency.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this line of work, <\/span><a href=\"https:\/\/www.voxelgroup.net\/index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">baVel<\/span><\/a><span style=\"font-weight: 400;\">, the electronic transactions platform of Voxel Group, is specifically designed for the industry\u2019s workflows and Hospitality sector. It provides extra benefits such as traceability, automatic reconciliation, universal compatibility with management systems and the possibility of closing the billing cycle with B2B payments.\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Finance Ministry introduced legal measures to mitigate the spreading of the pandemic. <\/p>\n","protected":false},"author":14,"featured_media":7625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[1626],"tags":[1822,1759,1692,1783],"coauthors":[2141],"class_list":{"0":"post-8738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-compliance-en","8":"tag-automation","9":"tag-b2g-en","10":"tag-bavel-en","11":"tag-einvoice"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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