Egypt: Egypt Eyes eInvoicing To Modernize Public Procurement

23 Dec 19: Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Egypt’s finance minister, Mohamed Maait, is capitalizing on the high penetration of smartphones in Egypt to implement eInvoice standards for the nation’s tax operations. Today, the tax system processes approximately 9 million invoices, according to Maait, who spoke during the Ahram Economic Conference last weekend.