GROW YOUR BUSINESS

December 22, 2017
Celebrate Christmas

How we Celebrate Christmas in Cameroon

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TAX & LEGAL TIPS

November 5, 2023
Tax Exemptions in Cameroon

Tax Exemptions for Newly Created Companies and Sole Proprietor Businesses

Newly created companies and sole proprietor businesses are exempt from a business license tax for their first year of operation, per the General Tax Code. However, they are not exempt from income tax. There are specific provisions allowing flexibility in reporting initial financial statements and calendar considerations for tax payments. Companies must understand these obligations and consult with tax professionals for clarity.
October 30, 2023
Reserved Business Activities in Cameroon

Reserved Business Activities and Authorization Requirements in Cameroon

Understanding Reserved Business Activities and Authorization Requirements in Cameroon
October 16, 2023
Local Construction Materials

Promotion of Local Processing: Tax Incentives for Local Construction Materials in Cameroon

Cameroon's government promotes the use of local construction materials to stimulate economic growth by granting tax benefits to producers. The benefits under Section 123 of the General Tax Code include VAT exemption on purchases and sales, reduced company tax rates, and a 50% abatement on monthly company tax deposits. These incentives aim to foster local businesses, sustain the construction sector, and encourage sustainable development.
November 13, 2023
Economic Interest Groups

Economic interest groups

Economic interest groups are organized associations of individuals or businesses that come together to promote and protect their shared economic interests.
November 7, 2023
taxable profits

Company Taxation in Cameroon: Determining Taxable Profits and Operating Criteria

The law provides criteria, such as having a headquarters, permanent establishment, or dependent representative in Cameroon, to determine if a business is operating in the country.
November 7, 2023
Business Cycle

Understanding the Business Cycle in Relation to Taxation in Cameroon

Understanding the business cycle concept as per the tax law in Cameroon is vital for businesses operating within the country.
November 5, 2023
Tax Exemptions in Cameroon

Tax Exemptions for Newly Created Companies and Sole Proprietor Businesses

Newly created companies and sole proprietor businesses are exempt from a business license tax for their first year of operation, per the General Tax Code. However, they are not exempt from income tax. There are specific provisions allowing flexibility in reporting initial financial statements and calendar considerations for tax payments. Companies must understand these obligations and consult with tax professionals for clarity.