RSM Egypt

Egyptian Tax Authority Adopted an Electronic Billing System

Tarek Hashish, Managing partner of RSM Egypt – Chartered Accountants announced to El Gomhoureya Online Newspaper that the Egyptian Tax authority has recently adopted an electronic billing system through which the tax payable to the State is estimated. He also added that the switch from the “paper system” to the electronic system will help the Tax Authority to have direct contact with other parties, to resolve any accounting concerns that may arise from the treatment of Tax, this technological solution will allow for resource allocation to the informal sector, which represents a huge tax revenue lost to the State and their registration will contribute to the increase of tax revenues.

 

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