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Thursday, 9 May 2019

Maait excludes several bodies from Egypt’s new mandatory e-payments system

Finance Minister Mohamed Maait has exempted some government bodies from complying with the e-payments system introduced on 1 May, the ministry said in a statement. The new rules make it mandatory for all government transactions exceeding EGP 500 to be done electronically. The exclusion applies to economic bodies, the Social Housing and Mortgage Finance Fund, public hospitals, educational institutions, medical centers, and the central Cairo and a North Sinai gold tax collection offices.

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