vlag UK

Total number of companies that joined the electronic invoice system during the first (November 15, 2020) and second phases (February 15, 2021) reached nearly 400 companies, according to Minister of Finance Mohamed Maait.

Approximately 1.25 million documents were processed through the system. In Egypt, certain VAT-registered businesses must issue electronic tax invoices that include the electronic signature of its issuer and the standard code for the good or service subject to the invoice approved by the Egyptian tax authorities.

What is next?

The third phase, scheduled for 15 May 2021. In July 2021, all large Egyptian taxpayers should use e-invoicing. In 2022, e-invoicing will be mandatory for all companies working in Egypt. The fourth phase, will make e-invoicing mandatory for all B2G filing. Companies working for the Egyptian government (B2G) need to have set up e-invoicing starting from July 2021, independent of size and turnover.

What do we offer?

KGT has a proven solution and a process to implement quickly within 3 to 4 weeks. The key benefits:

  • Digital Signature Integration
  • Decimal Points calculation to meet Tax Authority 5 decimal point requirements without changing SAP Rounding up or Down Configuration
  • Improved digital taxpayer experience
  • Validate invoice items and data for parties before issuing
  • Help company to make reports and quick accurate analysis for the purpose of decision-making support
  • Reduce the administrative burden, cost of transactions and the need to archive paper invoice
  • Reduce the administrative burden, cost of transactions and the need to archive paper invoice procedures

OnePager Egypt e invoicing

SAP add-on for Egypt e-invoicing 2021

What is an SAP add-on?

An SAP add-on enhances standard SAP itself.

Add-on components are extra functionalities that do not come with the main SAP product. Different organizations have different requirements. SAP has recognized that and facilitated that additional functionality can be added and that such functionality as a component can be integrated with Standard SAP.

An add-on is permitted by SAP – the code 'ABAP' is written and transported where SAP allows it. That means these add-on components sit above the core and access the same dictionary objects or repository objects and perform the required functionality. It contains custom authorization objects according to SAP standards.

SAP add-on solutions are, therefore, without an external interface or external software and can be implemented with minor or no SAP impact in any other area. An SAP add-on does not change the programming code of SAP. As a result, SAP upgrades do not lead to any problems, and maintenance is straightforward. Additional functionality is added to Standard SAP.

SAP add-on for Egyptian e-invoicing via clearance model

Roadmap to Tax and IT function effectiveness

KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and does not change existing customer SAP functionality or processes. It is fully configurable with custom namespace /KGT.

KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.

KGT provides also S/4 HANA transformation support.

Contact us