Section 2

A tax shall be levied on all profits or income made by companies and other corporate
bodies. This tax shall be known as company tax.

Section 2 – General Tax Code of Cameroon

Section 2 of the tax code says, “A tax shall be levied on all profits or income made by companies and other corporate bodies. This tax shall be known as company tax.”

In simple terms, it says that companies and other corporate bodies have to pay a tax on the money they make. This tax is called “company tax.” So, whenever a company earns some profit or income, a portion of it has to be paid to the government as tax.