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Financial Incentives

Local Construction Materials

Promotion of Local Processing: Tax Incentives for Local Construction Materials in Cameroon

Cameroon's government promotes the use of local construction materials to stimulate economic growth by granting tax benefits to producers. The benefits under Section 123 of the General Tax Code include VAT exemption on purchases and sales, reduced company tax rates, and a 50% abatement on monthly company tax deposits. These incentives aim to foster local businesses, sustain the construction sector, and encourage sustainable development.