Corporate Tax In Cameroon

Company Tax is levied on profits or revenue of corporate bodies and individuals. In Cameroon, you must pay Company or Corporate Tax from doing business as a:

How to Register a Sole Proprietor Business in Cameroon as a Nigerian

There are certain things you must do when you are liable to corporate tax in Cameroon:

  • The corporate body or individual needs to register for a business license when you start or restart activities of a dormant business.
  • They have to keep a record of all accounts as required by the Foundation for a Unified Business Law in Africa, FUBLA.
  • To pay the monthly advance tax or report if you have nothing to pay before the deadline. The deadline is the 15th of every month.
  • The business has to prepare their Company Tax returns to work out how much they have to pay as Corporate Tax.
  • To file in your Statistics and Tax Returns, STR, for the previous year before the deadline. The deadline for filing the STR is March 15th yearly.

The fiscal or accounting period in Cameroon follows the normal calendar year – that is January 1 to December 31.

How to Determine Corporate Tax in Cameroon

The taxable profit is determined taking into consideration only activities carried within the national borders of Cameroon. It includes the money your business makes from doing business in Cameroon (trading profits), investments and selling of assets above the cost (capital gain).

Section 6 of the General Tax Code of Cameroon states the taxable profit is the net profit determined by all transactions effected by the taxpayer during the period of assessment which is the calendar year (January 1 – December 31).

If your business is registered or based in Cameroon, it pays Corporate Tax on all profits made in Cameroon and abroad.

If it is a foreign company or has a branch in Cameroon, it pays Corporate Tax only on profits from its Cameroon activities.

Explore the topics below

Requirements to Incorporate a Company in Cameroon

Who Pays Company Tax in Cameroon

How to Register a Startup in Cameroon

Important links

Tax Administration

Need help?

Contact us using any of the medium below if you need help with Corporate tax.

One thought on “Corporate Tax In Cameroon

Leave a Reply

Your email address will not be published. Required fields are marked *