What is Accounting in Egypt?
All companies in Egypt must follow Egyptian Accounting Standards (EAS) which are based on IFRS. Compliance is mandatory for GAFI and ETA.
Common Questions about Accounting in Egypt
What are the Egyptian Accounting Standards (EAS)?
Egyptian Accounting Standards (EAS) are based on IFRS. They are mandatory for all companies in Egypt and issued by the Ministry of Investment. As of 2026, there are 49 EAS standards.
Is bookkeeping mandatory for all companies in Egypt?
Yes. Under Egyptian Companies Law No. 159 of 1981 and Tax Law 91 of 2005, all entities must maintain regular books, including general ledger, inventory book, and general journal.
What accounting software is approved by ETA?
ETA does not mandate specific software but requires integration with ETA e-invoicing portal via API. Popular: SAP, Oracle, QuickBooks, Daftra.