The importers division sets out export facilities into African markets
A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.
The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.
He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.
Where the divisions stand
Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
Every day of delay in customs release costs an importer more than any tax cut saves him.
The division head said the meeting examined the direct effect of the decision on supply inside the local market, and that the Chamber submitted a detailed memorandum carrying traders’ proposals on the timetable.
What it means for traders
- e-invoicing rules for retail among next quarter’s priorities
- A review of the timetable with the trade divisions
- A monthly report to the federation’s board
A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.
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