Section 5.- Profits liable to the company tax shall be determined with sole regard to profits earned by businesses carried on or transactions effected in Cameroon, subject to the provisions of international conventions.
Section 5 (a).- (1) The following shall be deemed to be operating in Cameroon:
– Undertakings headquartered in Cameroon or with effective management office in Cameroon
– Undertakings that have a permanent establishment in Cameroon;
– Undertakings that have a dependent representative in Cameroon.
(2) The profits of the undertakings that do not fulfil the conditions referred to
in paragraph (1) above shall be taxable in Cameroon where they carry out activities that form a full business cycle in Cameroon.