ArabFinance: Egypts eTax, a company affiliated with Egypts Ministry of Finance, signed a memorandum of understanding (MoU) with Microsoft, in collaboration with e-finance, an Egyptian developer of digital payments infrastructure, a press release said.

Under the MoU, Microsoft will support digital transformation efforts in Egypt by employing AI and business intelligence techniques in the tax system.

Furthermore, eTax will be able to enhance its role in developing the basic capabilities necessary for digital transformation for the Egyptian Tax Authority (ETA).

This includes electronic invoice and electronic invoice service providers, as well as smart business reports in the area of ??tax and tax fraud.

eTax was launched in 2021, in cooperation between E-Finance and the Ministry of Finance.

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