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Ms. Arlète Tony answers your questions about the OHADA right

Francis K. from Douala: Could you tell me the elements of the taxation of real estate investment companies in Cameroon?
Mrs. Tonye: In Cameroon, the taxation of real estate investment companies consists of the amount of several tabs that should be opened in chronological order.
Setting up a company: Company registration status
Contribution of the patent, to which are subject to all those who exercise a trade, industry or profession that is not exempt from this. The patent is due by institution.
Value added tax (VAT): it affects all transactions performed through an economic activity performed for consideration, that is to say, the production, import, service delivery and distribution among which are the real estate transactions of all kinds made by real estate professionals. It is divided into three regimes defined by the amount of turnover: the system of full rights, the simplified one and the basic scheme.

Regarding the result, in general the real estate company has an option: either the partners choose to submit to the corporation tax, or they prefer to be taxed on income as individuals.
In the first case, is the net profit of the company which is taxable, and in the second, the shareholders are taxed on income from movable capital, namely dividends from stocks, shares of capital and similar income and capital gains realized on their sale.

The basis of taxation: the net income

To all these duties will be to add fees for recording documents, namely:
Conveyance of property or usufruct of furniture (such as stocks or shares) and buildings
Leases and subleases, assignments and reversions, extensions of movable and immovable
Inter vivo transmissions for free (donations) and change of property on death (inheritance)

Technical details, namely the event, the tax base, calculation, rates, payment terms, the integrity of statements, etc. will be obtained from professionals in this field

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