logoBC
Yaoundé - 19 April 2024 -
Law

Cameroon: Chinese CHEC, building the Kribi-Lolablé motorway, accused of not paying municipal taxes

Cameroon: Chinese CHEC, building the Kribi-Lolablé motorway, accused of not paying municipal taxes
  • Comments   -   Thursday, 15 December 2016 20:03

(Business in Cameroon) - FCfa 756 million. Such is the amount of the tax on rubble transport as part of the construction of the Kribi-Lolablé motorway that the Kribi 1 borough demands from the Chinese company CHEC. This dispute led to the seizure, by the local mayor, of the 22 trucks belonging to this company who also built the deep water port of Kribi.

The management of CHEC maintain that the contract signed with the public Cameroonian authorities stipulates that all works will be exempted from the payment of taxes. False! Replies the Kribi 1 Town hall. According to the mayor and his deputies, only taxes to be paid to the State are concerned by the exemption which CHEC mentioned, not local taxes to be collected by the borough.

Therefore, Mayor Yves Martial Madiba claims that “no truck will be released from the borough impound if we do not receive the full amount claimed in arrears”. Indeed, the tax demanded by the borough, we learned corresponds to FCfa 3,000 per truckload of rubbles taken in the borough. The public authorities of the city of Kribi initiated discussions between the two parties, to reach an agreement between the town hall executive management and China Harbour Engineering Corporation.

BRM

cameroon-investment-forum-2024-focuses-on-import-substitution-policies-and-private-sector-concerns
The fourth edition of the Cameroon Investment Forum (CIF), organized by the Investment Promotion Agency (API), kicked off on April 17 in Douala, the...
market-cap-bvmac-still-below-targets-despite-near-37-surge-in-2023
The most recent Monetary Policy Report from the Central Bank of Central African States (BEAC), released in March 2024, indicates a substantial surge in...
yaounde-municipality-cracks-down-on-unauthorized-ads-demands-fees
The Urban Community of Yaoundé (CUY) has been demanding nearly CFA4 billion since 2020 from businesses, including SMEs and multinationals, for the use of...
nigerian-travel-platform-wakanow-com-expands-operations-to-cameroon
Nigerian travel service Wakanow.com announced on Wednesday its launch in Cameroon. "Our entry into Cameroon is more than just business expansion; it...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »