According to the 2023 Finance Bill of Cameroon, the government may impose a new import duty on some agricultural products.
Pros & Cons of A Low Corporate Tax Rate
Recently, the 2023 finance bill of Cameroon comes with a possible reduction of the corporate tax rate from 28% to 25%.
Why governments reduce corporate tax
The new corporate income tax rate of 25% should be a huge boost for state revenues in Cameroon, as many small businesses will become formal.
Cameroon to Reduce Corporate Tax from 28% to 25%
The government of Cameroon, according to the proposed 2023 finance bill, may reduce corporate tax rate from 28% to 25% for businesses …
The best Fast-Food Restaurant Operator’s Guide in Cameroon
Let’s see some of the most important factors to consider when opening a fast-food restaurant in Cameroon.
#fastfood #restaurants #cameroon
How Private Educational Institutions Are Taxed in Cameroon
Private educational institutions in Cameroon benefit from various tax exemptions while fulfilling certain obligations. This article outlines how these institutions are taxed, highlighting the government’s supportive framework designed to enhance their educational mission.
#CameroonEducation #TaxExemptions #PrivateSchoolsCameroon #EducationTaxCameroon #CameroonPrivateInstitutions
What if you’re caught running an unregistered business in Cameroon?
You can run an unregistered business in Cameroon as long as your business is legal and meets the tax and licensing requirements. Be Careful!
Start preparing for your year-end accounts
As a small business, closing out the fiscal year may help you prepare better for the next one by going through relevant company data to understand the financial state of your business.
You need a unique identification number to do business in Cameroon
Taxpayers are obliged to mention the Unique Identification Number on any document showing any business transaction.
Get your taxpayer identification online with OpenHub Digital
Separate business expenses from personal
Separating business and personal finances may not be an easy task for first-time business owners who are unfamiliar with the process.