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.
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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.
Obligation to file tax returns in Cameroon
In Cameroon, a new business maybe exempted from paying the business license tax for at least one year. This does not stop the business from declaring and paying their income taxes.
Follow-up Unpaid Invoices – Year-end Accounting
It’s very important for you as a business owner to start chasing your unpaid invoices before you close your books for this year.
Year-end Accounting – Put together necessary paperwork
Most business owners juggle their year-end accounting procedures with the heavy sales and traffic they receive during the end of the year.
OpenHub Digital is a Trustworthy Platform for Business Registration in Cameroon
OpenHub Digital provides resources and tools for local businesses, foreign investors and entrepreneurs in Cameroon. Business Registration…
Small Business Bookkeeping & Accounting Services in Cameroon
Outsource your bookkeeping and accounting department to OpenHub Digital. We provide a full accounting department experience for small businesses in Cameroon. The business environment of today is very […]