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.
The Tax Incentives Promoting the Agricultural Sector in Cameroon
Unlock the full potential of agricultural investment with this comprehensive article on tax incentives for the agricultural sector.
Fiscal Incentive to Promote Youth Employment
Fiscal Incentive to Promote Youth Employment – 2021 Finance Law
Tax incentives to fight youth unemployment in Cameroon
Brief: Fighting youth unemployment in Cameroon using tax policies. From 12.8% in 1998 to 5.81% in 2018, the youth unemployment rate in Cameroon has seen a steady but […]