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EDEF Ship Chandler – Ship Chandler Douala & Kribi Port
July 17, 2020
ax payment by bank transfer
Tax Payment by Bank Transfer in Cameroon
July 27, 2020

Tax Payment by Bank Transfer in Cameroon

Last week, we saw the various tax payment methods in Cameroon – over-the-counter payment, certified check, electronic and bank transfers. Let’s see what happens when we us the latter – bank transfer.

Tax payment by bank transfer

Once you pay your tax, you are issued a receipt which is exempted from stamp duty. In the case where you make an over-the-counter payment at the tax office, your receipt is issued immediately. See also the introduction of a XAF25,000 specific stamp duty in Cameroon.

However, when it is done by bank transfer, there are specific procedures to be followed. Let’s take a look at them below:

Openhub Digital - Company Incorporation in Cameroon
  • The tax, levy, duty or fee must carry the identity of the taxpayer and the name of tax, duty, fee or levy paid for;
  • The financial institution must issue a transfer certificate specifying the tax paid.
  • In case there are several taxes, the transfer certificate should carry a summary of all the payments per type of tax, duty, fee or levy paid;
  • The transfer certifcate must bear the official stamp of the financial institution;
  • A payment receipt will be issued to the taxpayer upon presentation of the transfer certificate when filing returns at the tax office.

Tax Payment date

The date on the transfer certificate is considered the payment date. In this case, a penalty and interest will be applied on transfer certificates that are dated beyond the deadline for payment. This goes same with cases where the transfer turned out to be unsuccessful.

Both the taxpayer and financial institution are jointly liable for payments made in the cases above.

Let’s take a rendez-vous next Saturday to see what happens when you fail to pay your tax or fail to pay on time.

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Openhub Digital - Company Incorporation in Cameroon
Kermann Lobga Derick
Kermann Lobga Derick
Content Writer / Blogger | Small Business Coach | Branding Expert | Entrepreneur| Dad Kermann Lobga is a copywriter, results-oriented digital marketing professional and an entrepreneur with more than 14 years of experience.

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