Business License
You need a business license to run a business in Cameroon
March 30, 2021
tax returns
It’s obligation to file tax returns in Cameroon
April 2, 2021

You need a unique identification number to do business in Cameroon

unique identification number

Let’s see the Unique Identification Number which is part three of the series to what steps to follow after your have registered your business in Cameroon.

Below are the previous parts of the series in case this is the first time you’re seeing it or you may want to read again.

Part 1: Register your business in Cameroon

Part 2: You need a business license to run a business in Cameroon

The Taxpayer Identification Number or Unique Identification Number (UIN) is an identification number used by the tax authorities in the administration of tax laws (to identify taxpayers).

The Unique Identification Number is alphanumeric made up of two letters (one in the beginning and the other at the end) and 12 digits, formatted like this – A012345678910Z.

Taxpayers are obliged to mention the Unique Identification Number on any document showing any business transaction. Both private and public corporate bodies are required to present when any payment is being carried out.

As a legal or natural person, you may not be able to carry out any of the below transactions unless you have your UIN:

  1. Opening of an account in a bank or microfinance establishment;
  2. Subscription to any type of insurance contract;
  3. Registration of real estate;
  4. Subscription contracts with utility companies (water and electricity networks);
  5. Certification in a regulated profession

Anyone who fraudulently uses the Unique Identification Number is liable to a fine of up to XAF1,000,000 (one million francs CFA) on each business transaction.

If you fail to include the UIN on an invoice, in case you are liable for VAT, it will lead to a non-deduction of the VAT of that invoice. The Unique Identification Number is attributed on a permanent basis after the effective location of the taxpayer is known.

See Also: How to Obtain the Taxpayer Identification Number in Cameroon

In the case of a legal business, the Unique Identification Number is issued only after the taxpayer must have filed an application to incorporate or register a business.

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Author

  • Content Writer / Blogger | Small Business Coach | Branding Expert | Entrepreneur| Dad Kermann Lobga is a copywriter, results-oriented digital marketing professional and an entrepreneur with more than 14 years of experience.

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This content has been prepared for information purposes only. It is not intended to provide, and should not be relied on for, tax, accounting or legal advice. You need to consult your own tax, accounting or legal advisors before engaging in any transaction.

 

Openhub Digital - Company Incorporation in Cameroon
Kermann Lobga Derick
Kermann Lobga Derick
Content Writer / Blogger | Small Business Coach | Branding Expert | Entrepreneur| Dad Kermann Lobga is a copywriter, results-oriented digital marketing professional and an entrepreneur with more than 14 years of experience.

1 Comment

  1. […] details required and identify the tax, duty, levy or fee you want to pay. It must also carry the unique identification number of the […]

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