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Yaoundé - 14 December 2017 -
Taxation

In Cameroon, fiscal pressure on companies represents 57.7% of their results against an average of 46.8% in Africa

In Cameroon, fiscal pressure on companies represents 57.7% of their results against an average of 46.8% in Africa
  • Comments   -   Sunday, 03 December 2017 17:35

(Business in Cameroon) - In an analysis of the Doing Business 2018 it recently released, The Inter Patronal Groupings of Cameroon (GICAM) noted that fiscal pressure on companies operating in the country represents 57.7% of their results against an average of 46.8% in sub-Saharan Africa.

Moreover, according to the Paying Taxes 2017 report published at the end of 2016 by audit firm PricewaterhouseCoopers (PwC) and the World Bank, Cameroon is one of the top 10 African countries where fiscal pressure on companies is the highest.

Between 2016 and 2017, this pressure, according to various Paying Taxes’ reports, has increased by 9%. Indeed, the related figure was 48.8% in the Paying Taxes 2016 but soared to 57.7% in this year’s edition. However, Cameroon’s fiscal authorities claim that the pressure varies between 12% and 13% only.

BRM

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