2020 Finance Law of Cameroon & the changes that affect your business

Since the beginning of this year, we have been getting updates in the General Tax Code due to the changes found in the 2020 Finance Law of Cameroon. So far so good, some of the changes we have seen so far include:

• New tax imposed on skin whitening products in Cameroon
• 2020 Finance Law – Provisions relating to customs duties
• Import benefits for investments in economic disaster areas
• Cameroon imposes value-added tax on e-commerce transactions
• The Introduction of a specific stamp duty in Cameroon

March 15 is next door

Do you have a business in Cameroon? Are you aware of your March 15 deadline responsibilities? “Yes” or “no”, so long as you are doing business or planning to start a business in Cameroon this year, this concerns you.

Taxpayers in Cameroon are obliged to declare their tax return on a yearly basis. The latest date for taxpayers to declare their statistics and tax returns (STR) is March 15 every year.

It should be noted some of the changes you find in the 2020 Finance Law of Cameroon will be taken into consideration when declaring your tax returns. Treating all these on your favorite business platform, OpenHub Digital, may take quite a while

In this light, we are planning a training/workshop that will take place between the last week of February and the first week of March to help you prepare for this year’s annual obligation as a taxpayer. Our experts will share with you details of the 2020 Finance Law of Cameroon and other skills needed to start, run and grow your business in Cameroon.

Why you should take part in this workshop

Business owners, professionals and specialists will all benefit from this workshop. We want every business owner, registered or still to be registered businesses, to be part of this training/workshop. You will go back with the following and more:

• How to appreciate and apply the recent tax changes and innovations that will affect businesses
• To understand the difficulties that may come about due to the changes in the 2020 Finance Law of Cameroon
• Get a resume of the main changes that will affect both businesses and individuals
• A series of tax tips and secrets that will help you run your business in Cameroon and 
• A review of what you need to start, run and grow your business in Cameroon

I will be giving you more details about this training in the coming days. Meanwhile, you can send us a mail or drop a comment below on what you may want us to handle in the upcoming training workshop.

WhatsApp: https://bit.ly/2Oo9OnA | Telegram: https://t.me/OpenHubDigitaI. You can also join our group Doing Business in Cameroon for more updates.