4 Tax-related Tips When Starting A Business In Cameroon

In our last post, we learned about the obligation by the taxation authorities in Cameroon to have taxpayers preserve tax-related documents and others for at most 10 years before they are disregarded. Today, we are going to see some more obligations of taxpayers in Cameroon. This will help them know before starting a business in Cameroon Let’s take the tax obligation ride:

1. Obligation to file an application before starting a business in Cameroon

Starting a business in Cameroon requires that you notify the tax authorities by filing an application for registration with the competent tax authority of the area you want to carry out your activity. This should be done within 15 (fifteen) working days following the day you start activities. The taxpayer who could be a natural or legal person, will have to attach to the application a site plan indicating the location of the business.

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2. Single Identification Number

Any natural or legal person starting a business in Cameroon is attributed a single identification number by the Directorate General of Taxation. The number is attributed on a permanent basis upon the effective localization of the taxpayer. Learn more about the single identification number.

3. Free taxpayer’s card

Once the business registration procedure is completed, the tax authority shall issue a tax payer’s card free of charge to the taxpayer. The taxpayer’s card is valid for 10 (ten) years.

4. Business modification

You need to know this before carrying out any significant modification in your business. If you plan to carry out any changes in your business, you have to declare to the competent tax authority fifteen (15) clear days from the declaration. The significant modifications includes:

• Change of manager

• Modification of business name

• Modification of business activity

• Cession and cessation of the business – that is selling or handing over the business to another person (cession) or closing the business (cessation)

• Change of business premises (location)

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It should be noted that the obligation to report apply also to public and private sector employees, not-for-profit organizations, associations, foundations, managers or beneficiaries of trusts, foreign taxpayers operating in Cameroon with no head office, and insurance trusts.

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