Cairo – Mubasher: Deputy Minister of the Public Treasury at the Ministry of Finance, Ihab Abu Eish, stated that the first day of October 2021 will start the mandatory implementation of the ACI system for pre-registration of shipments in seaports.
According to a statement issued today, Friday, Ihab Abu Aish confirmed that no goods shipped from abroad will be allowed to enter, as of October 1, except through the ACI system.
This came in an open dialogue by the Minister of Finance with economic editors, during a workshop organized in cooperation with the Macroeconomic Reform and Stability Project of the United States Agency for International Development (USAID).
Ihab Abu Aish revealed that the tax development process started in 2018 with the electronic returns system, procedures re-engineering, then mechanization of tax work procedures, and the implementation of the unified automated tax procedures system, until Egypt became one of the first leading countries in the Middle East and North Africa in applying the electronic invoice system.
And he indicated that the new system has been joined by nearly 3,030 companies, which have raised 60.5 million electronic invoices so far, which succeeded in detecting more than 2,800 cases of tax evasion, and tax differences were collected from the state’s public treasury dues exceeding 3.5 billion pounds.
He pointed out that the trial launch of the “electronic receipt” system was recently launched, the actual implementation of which will begin in places of sale to consumers, within 6 and a half months. To integrate with the electronic invoice system, and contribute to strengthening the governance of the tax system, through the optimal use of technological solutions in following up on commercial transactions between financiers and consumers in real time.
He added that the customs system is witnessing an unprecedented boom, based on the expansion of the use of “technological solutions” to reduce the time of customs release, reduce the prices of goods and services in local markets, strengthen governance, facilitate the business community, facilitate the movement of internal and external trade, and reduce the cost of import and export to stimulate investment.