What You Need to Know About Income Tax Declaration in Cameroon. In this post, we are going to see some important information on how to declare income tax in Cameroon. Let’s first of all see what income tax declaration is all about.
Income tax declaration – It is a declaration to the tax authorities of how much you have earned within a period of time, which is used to calculate what you have to pay as tax. The period of time is depends on what the law says.
In Cameroon, income tax declaration is done on a yearly basis even though taxpayers are obliged to do a monthly declaration considered as advanced tax at the end of the financial year. The financial year in Cameroon begins from January 1 and ends on December 31. For a taxpayer to file in their income tax in Cameroon, they are obliged to the following:
And after paying the declared income tax, you are obliged to
The tax authority in Cameroon has put in place deadlines for specific declarations which taxpayers are bound to respect. Below are the deadlines for income tax declarations in Cameroon:
You can declare your taxes in Cameroon both manually and online.
Manually – For it to be done manually, the taxpayer will need to visit to the tax center where the business is registered and fill a pre-filled form for proof of income.
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This content has been prepared for information purposes only. It is not intended to provide, and should not be relied on for, tax, accounting or legal advice. You need to consult your own tax, accounting or legal advisors before engaging in any transaction.