Yesterday I shared with you 8 common council taxes in Cameroon that you may not have known. When I was writing that post, it came to my mind that many people don’t know that they pay a charge for advertising to the council. It is called stamp duty on advertising.
Today, I will talk about stamp duty on print advertising in Cameroon. This is because print advertising is more affordable and many small business owners go for it. I am talking about posters, leaflets and handbills and advertising hoardings.
Let’s get a clearer picture of the three below:
These are text or pictures printed on paper for the purpose of advertising. It has any of the following characteristics:
This is one of the most common method of advertising for new businesses. Here, we are talking of those printed literature (fliers) that are shared in public places as well as places open to the public. It has the following characteristics:
These are pictures or words for the purpose of advertising. Below are some of it’s characteristics:
In all categories, there is no differentiation whether the said advertising material is for payment or otherwise.
The stamp duty rate for print advertising in Cameroon is put at 3% on the cost of advertising for each medium. The same rate applies for those who print posters, leaflets or handbills in Cameroon and outside of Cameroon.
How does the councils collect this stamp duty on advertising given that most small businesses that use print materials are not aware of the tax.
Do you know why printers put their names and contacts on print adverts? See why printers put their name and contact on posters, leaflets and handbills? We will see that in my next post.
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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.