Africa countries: Tax and Legal
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);
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