E-invoice integration in Egypt

Electronic Billing System in Cairo

It is a procedure aimed at converting the process of issuing paper bills and notices to an electronic one. This system allows the exchange of debit and credit invoices and their electronic processing in an organized manner between the seller and the buyer to complete the work faster and more efficiently.

What is an Electronic Invoice?

A tax invoice that proves transactions of buying and selling goods and services is issued and saved in an electronic format based on an electronic signature through unified codes for those products and not by copying or scanning the paper invoice. The electronic invoice depends on the electronic signature, in which validity and effectiveness are required, and the standard codes for goods and services, which help in the statistics and analysis of different sectors and contribute significantly to supporting decision-making.

It is a system for using information technology to convert invoices into electronic copies that are recognized in all governmental and international transactions. It includes all commercial transactions:

• Like issuing an invoice.
• Receipt of the purchase invoice.
• Addition notices.
• Create discounts.

Advantages of Electronic Invoice

• Improve tax and legal status.
• Classification of the company among the low-risk companies
• Verify customer data and numbers.
• Verify the electronic signature and the approved stamp.
• Reducing the administrative burden and decreasing the number of workers.
• Reduce paperwork.
• Reducing examination and monitoring procedures and facilitating reviews.
• Protection from thefts and financial leakages in bills.
• The electronic invoice then performs many operations (storage - preservation, sharing - review - analysis and archiving).