Calculate VAT amount and total including VAT for transactions in Cameroon with this easy-to-use VAT calculator. Enter the amount in XAF and get accurate results instantly.
Cash Payment Ceiling Reduced in Cameroon
This post discusses recent changes to Cameroon’s General Tax Code regarding deductible cash expenses. It outlines how the threshold has been lowered from 500,000 CFA to 100,000 CFA.
I’m not clear on how I can start a dropshipping business with no capital
Discover the keys to launching a successful dropshipping venture in Cameroon with limited capital in 2024.
Promoting Digital Transactions in Cameroon
Digital-to-cash transactions help governments reduce costs associated with printing, distributing, and securing physical currency.
2023 End of Year Tax Filing in Cameroon
Statistical and tax returns filing is a vital process that allows taxpayers to accurately report their financial information and fulfill their obligations to the tax authorities.
How Angela Built a Successful Business from Home
How Angela E. Built a Successful Business Online from Her Living Room
What is interest paid to investors?
Technology startups in Cameroon receive favourable tax incentives to stimulate investment and promote the growth of the digital economy. These include a reduced income tax rate of 5% on interest paid to investors and dividends paid to shareholders, and on movable capital revenue. This strategy is part of the government’s plan to foster entrepreneurship, attract investment, and support the development of the technology sector in the country.
What is dividends paid to shareholders?
Cameroon offers a tax incentive to encourage investment in technology startups. Any dividends paid to shareholders and income tax on movable capital revenue or investor interest are taxed at a reduced rate of 5%. The government aims to stimulate the growth of the digital economy, entrepreneurship, and attract more investment to the tech sector. Startups and investors should, however, consult tax professionals to understand the eligibility criteria and other associated requirements.
Incentives for Promoting the Digital Economy: Boosting Start-ups in the Digital Sphere
Cameroon’s General Tax Code offers tax advantages and incentives to ICT start-ups registered in approved management centers to foster innovation and support the digital economy. During the incubation phase, start-ups are tax exempt, giving them financial freedom to focus on growth. Technological innovation is encouraged through a 30% income tax credit on associated expenses. During the operational phase, further benefits continue, such as reduced tax rates, exemptions, and preferential rates on capital gains from sales. After five years, start-ups transition to the regular tax system, maintaining their established foundations.
Open-end investment companies
Open-end investment firms, known as SICAVs (Société d’Investissement à Capital Variable), are financial structures pooling funds from investors for diversified portfolio investments like stocks, bonds, or other instruments. Offering unlimited shares, SICAVs offer liquidity and risk diversification, while being subject to regulatory oversight for investor protection. These companies are tax-exempt in Cameroon.