Last week, we saw the various tax payment methods in Cameroon – over-the-counter payment, certified check, electronic and tax payment by bank transfer. You can easily make a transfer from your account to the government treasury account. It is also possible for you to deposit the amount at the bank counter into the government treasury account.
You can obtain the treasury account number from the bank or from the closest tax center around you.
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.
A bank transfer moves money from one person or entity to another using a bank provider. Tax payment by bank transfer in Cameroon will mean the taxpayer pays taxes, levies or dues from their account to that of the tax department (government treasury).
There are specific procedures to follow when you want carrying out tax payment by bank transfer in Cameroon. Let’s take a look at them below:
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 turns out to be unsuccessful.
Both the taxpayer and financial institution are jointly liable for payments made in the cases above. Make sure you verify that the above is respected when you do your tax payment by bank transfer.
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– How to open a bank account with Ecobank Cameroon
– How to open a corporate bank account with BICEC Cameroon
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