Economic interest groups are organized associations of individuals or businesses that come together to promote and protect their shared economic interests.
Tax Exemptions for Newly Created Companies and Sole Proprietor Businesses
Newly created companies and sole proprietor businesses are exempt from a business license tax for their first year of operation, per the General Tax Code. However, they are not exempt from income tax. There are specific provisions allowing flexibility in reporting initial financial statements and calendar considerations for tax payments. Companies must understand these obligations and consult with tax professionals for clarity.
It started with me and turned-out to be for you!
I thought it necessary for me to inform you on why I started this OpenHub Digital. It may look easy to plant a seed, but grooming it to […]
What do I need to register a limited company in Cameroon?
This is a continuation to my previous post that explained the different types of sole proprietor businesses in Cameroon. I am going to talk about what you need […]
Register a sole proprietor business in Cameroon
Get to know the different types of sole proprietor business in Cameroon and their legal structures? This may be a big surprise to you, right!? In effect, there […]