top of page
  • _

CAMEROON: New Year 2015 Tax Finance Law Changes


Taxation changes in the 2015 Finance Law

The draft of 2015 Cameroon Finance Law has brought some changes and modification in the taxation laws as mentioned bellow:

• The reduction of Corporate Income taxation rate from 35 to 30% (Art 17 GTC);

• Increase of the Advance Corporate Income Tax rate from 1 to 2% (Art 21 and 69);

• The removal of the VAT fees on commissions charged by travel agencies on international flights. (Art 127);

• The non deduction of VAT credits generated from transactions made in cash (Art 143 and 149);

• The collection of airport stamp duties airlines companies (Art 605 and above);

• The introduction of an electronic follow up for all company VAT taxable invoices (Art 8a L);

• The extension of deadline to inform the taxpayer from 8 to 15 days (Art 43);

• The removal of the 10% deposit requirements as part of the conditions needed to contest tax advice (Art L 119 and L 124);

• The use of the “tax clearance certificate” as the only official document for the follow up of administrative procedures. (Art C 24).

SOURCE : Finance Ministry Cameroon


5 views1 comment

Recent Posts

See All

Ivory Coast's New Investment Code

PRESENTATION Ivory Coast has started an ambitious process of economic reforms. In this context, the authorities adopted in November 2012 a new Investment Code were designed to stimulate private invest

1 Comment

Acheter Chaussure Nike Tn Requin,Acheter Nike Tn Requin Homme,Acheter Nike Tn Requin Pas Cher. Nike Tn Pas Cher Nike Tn

Nike Tn Taille 38 Pas Cher,Nike Tn Terrascape Pas Cher,Baskets Nike Tn Pas Cher.

bottom of page