Business

Taxes: The State of Cameroon relaxes tax measures vis-à-vis so-called citizen companies

In the circular of the Ministry of Finance which sets the course of the economic policy of Cameroon in 2018, several fiscal measures were taken for the improvement of the business environment.

Among these measures, the “automatic refund” of the value-added tax (VAT) is prominently displayed, without the prior checking of so-called citizen companies. Otherwise, it is possible for a company in good standing with the tax authorities to seize the competent jurisdiction of its tax center or that of its residence or head office, in accordance with the objective of approximation of the justice of the litigants.

In addition, the Ministerial Circular enshrines the optional VAT liability, in order to guarantee the neutrality of this tax for companies.

On another level, it is planned to lower the specific excise duty rate on locally produced wines to 120 Fcfa regardless of the level of vinification in the territory.

There is also the possibility of obtaining the suspension of payment as part of a transaction procedure with the administration. In the same way, an operator can benefit from a reduction in the requirements for the supply of documents to the administration by eliminating the tax clearance required for the export of forest and mining products.

The circular finally states that, the certificate of non-royalty is now the only document issued by the tax administration to attest to the tax situation of a taxpayer.

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