Egypt launches ‘revolutionary’ e-invoice system

A man wearing a protective face mask shops at Exception Market before the start of night-time curfew to contain the spread of the coronavirus disease (COVID-19 in Cairo, Egypt March 26, 2020. (REUTERS)
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Updated 15 November 2020
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Egypt launches ‘revolutionary’ e-invoice system

  • The minister said the new system will allow the instant exchange of data for invoices in digital form

CAIRO: Egypt is set to launch a groundbreaking electronic invoice (e-invoice) system on Sunday.

Minister of Finance Mohamed Maait announced the launch of the first phase of the electronic billing system, which will be the first in the country’s history.

The minister said several companies will join the system in succession until the end of June 2021, adding that the program is an important step in digital transformation as part of Egypt Vision 2030.

It is also a major step in developing the tax system and raising the efficiency of tax examination, which contributes to reclaiming the rights of the state’s public treasury in a way that helps achieve financial and economic goals. It will also enable Egypt to complete its development path and improve citizens’ standard of living.

Maait said the e-invoice system will “revolutionize” integration between the tax system and the commercial community, in order to “transform the informal economy into the formal economy.”

He added that Egypt is one of the countries leading the way in the Arab world in implementing an e-invoice system as part of a digital transformation project. The minister said the system has been closely followed and supported by the country’s political leadership.

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It is a major step in developing the tax system and raising the efficiency of tax examination.

Maait said the Ministry of Finance and the Tax Authority will provide support to companies for compulsory entry into the e-invoice system. He warned that legal measures will be taken against companies that refuse entry, including prosecution in accordance with the provisions of the new unified tax procedures law.

The minister said the new system will allow the instant exchange of data for invoices in digital form.

He said the e-invoicing will help the digital transformation of commercial transactions and will use cutting-edge technology that will formally validate the data of sources, recipients and invoice contents.

The new system is also set to bring further benefits, including increased limitations on Egypt’s black market and informal economy, Maait added.

According to the latest economic census by Egypt’s Central Agency for Public Mobilization and Statistics, the size of the informal economy included 53 percent of the country’s businesses, which employ about 4 million, or 29.3 percent of the workforce.

The volume of money invested in the sector amounted to 69.3 billion Egyptian pounds ($4.4 billion), representing about 5.1 percent of the paid-up capital of Egypt’s total economic activity.

Egyptian economists and finance experts estimate the size of the informal economy in Egypt at $395 billion — about 50 percent of the country’s economy.

The informal economy, represented by mostly small, medium and micro-sized enterprises, is not subject to quality or tax supervision.

Informal or black market businesses are spread across Egypt in the form of street vendors, markets, food carts, restaurants, factories and unlicensed real estate.


Israel’s settler movement takes victory lap as a sparse outpost becomes a settlement within a month

Updated 21 January 2026
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Israel’s settler movement takes victory lap as a sparse outpost becomes a settlement within a month

  • Smotrich, who has been in charge of Israeli settlement policy for the past three years, has overseen an aggressive construction and expansion binge aimed at dismantling any remaining hopes of establishing a Palestinian state in the occupied West Bank

YATZIV SETTLEMENT, West Bank: Celebratory music blasting from loudspeakers mixed with the sounds of construction, almost drowning out calls to prayer from a mosque in the Palestinian town across this West Bank valley.
Orthodox Jewish women in colorful head coverings, with babies on their hips, shared platters of fresh vegetables as soldiers encircled the hilltop, keeping guard.
The scene Monday reflected the culmination of Israeli settlers’ long campaign to turn this site, overlooking the Palestinian town of Beit Sahour, into a settlement. Over the years, they fended off plans to build a hospital for Palestinian children on the land, always holding tight to the hope the land would one day become theirs.
That moment is now, they say.
Smotrich goes on settlement spree
After two decades of efforts, it took just a month for their new settlement, called “Yatziv,” to go from an unauthorized outpost of a few mobile homes to a fully recognized settlement. Fittingly, the new settlement’s name means “stable” in Hebrew.
“We are standing stable here in Israel,” Finance Minister and settler leader Bezalel Smotrich told The Associated Press at Monday’s inauguration ceremony. “We’re going to be here forever. We will never establish a Palestinian state here.”
With leaders like Smotrich holding key positions in Israel’s government and establishing close ties with the Trump administration, settlers are feeling the wind at their backs.
Smotrich, who has been in charge of Israeli settlement policy for the past three years, has overseen an aggressive construction and expansion binge aimed at dismantling any remaining hopes of establishing a Palestinian state in the occupied West Bank.
While most of the world considers the settlements illegal, their impact on the ground is clear, with Palestinians saying the ever-expanding construction hems them in and makes it nearly impossible to establish a viable independent state. The Palestinians seek the West Bank, captured by Israel in 1967, as part of a future state.
With Netanyahu and Trump, settlers feel emboldened
Settlers had long set their sights on the hilltop, thanks to its position in a line of settlements surrounding Jerusalem and because they said it was significant to Jewish history. But they put up the boxy prefab homes in November because days earlier, Palestinian attackers had stabbed an Israeli to death at a nearby junction.
The attack created an impetus to justify the settlement, the local settlement council chair, Yaron Rosenthal, told AP. With the election of Israel’s far-right government in late 2022, Trump’s return to office last year and the November attack, conditions were ripe for settlers to make their move, Rosenthal said.
“We understood that there was an opportunity,” he said. “But we didn’t know it would happen so quickly.”
“Now there is the right political constellation for this to happen.”
Smotrich announced approval of the outpost, along with 18 others, on Dec. 21. That capped 20 years of effort, said Nadia Matar, a settler activist.
“Shdema was nearly lost to us,” said Matar, using the name of an Israeli military base at the site. “What prevented that outcome was perseverance.”
Back in 2006, settlers were infuriated upon hearing that Israel’s government was in talks with the US to build a Palestinian children’s hospital on the land, said Hagit Ofran, a director at Peace Now, an anti-settlement watchdog group, especially as the US Agency for International Development was funding a “peace park” at the base of the hill.
The mayor of Beit Sahour urged the US Consulate to pressure Israel to begin hospital construction, while settlers began weekly demonstrations at the site calling on Israel to quash the project, according to consulate files obtained through WikiLeaks.
It was “interesting” that settlers had “no religious, legal, or ... security claim to that land,” wrote consulate staffer Matt Fuller at the time, in an email he shared with the AP. “They just don’t want the Palestinians to have it — and for a hospital no less — a hospital that would mean fewer permits for entry to Jerusalem for treatment.”
The hospital was never built. The site was converted into a military base after the Netanyahu government came to power in 2009. From there, settlers quickly established a foothold by creating makeshift cultural center at the site, putting on lectures, readings and exhibits
Speaking to the AP, Ehud Olmert, the Israeli prime minister at the time the hospital was under discussion, said that was the tipping point.
“Once it is military installation, it is easier than to change its status into a new outpost, a new settlement and so on,” he said.
Olmert said Netanyahu — who has served as prime minister nearly uninterrupted since then — was “committed to entirely different political directions from the ones that I had,” he said. “They didn’t think about cooperation with the Palestinians.”
Palestinians say the land is theirs
The continued legalization of settlements and spiking settler violence — which rose by 27 percent in 2025, according to Israel’s military — have cemented a fearful status quo for West Bank Palestinians.
The land now home to Yatziv was originally owned by Palestinians from Beit Sahour, said the town’s mayor, Elias Isseid.
“These lands have been owned by families from Beit Sahour since ancient times,” he said.
Isseid worries more land loss is to come. Yatziv is the latest in a line of Israeli settlements to pop up around Beit Sahour, all of which are connected by a main highway that runs to Jerusalem without entering Palestinian villages. The new settlement “poses a great danger to our children, our families,” he said.
A bypass road, complete with a new yellow gate, climbs up to Yatziv. The peace park stands empty.