Section 2
A tax shall be levied on all profits or income made by companies and other corporate
Section 2 – General Tax Code of Cameroon
bodies. This tax shall be known as company tax.
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.
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Disclaimer
The information provided in this blog post is for general informational purposes only and should not be construed as legal or tax advice. Tax laws and regulations are subject to change, and individual circumstances may vary. Therefore, readers are advised to consult with a qualified tax professional or legal advisor for personalized guidance tailored to their specific situation.