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TAX & LEGAL TIPS

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.
November 15, 2023
mutual credit funds in cameroon

Mutual credit funds

Mutual credit funds are member-owned cooperatives providing financial services such as savings, loans, and more. They differ from traditional banks as they are not-for-profit, prioritizing members' financial needs over profits. Membership is open to individuals or businesses meeting specific eligibility criteria. These funds promote financial inclusion, local lending, and community development while being regulated by the relevant financial authorities.
November 14, 2023
A non-profit private education establishment in Cameroon

Non-profit private education establishment

Non-profit private education establishments are institutions primarily focused on providing quality education rather than making profits. Privately owned by non-profit organizations, religious groups, or community entities, they encompass a variety of institutions from schools to universities. They rely on multiple funding sources including tuition, donations, and government grants. These institutions often offer a more personalized educational experience with greater flexibility in curriculum and teaching methods compared to public schools, despite charging tuition fees.
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 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.