logoBC
Yaoundé - 28 September 2021 -
Economy

Covid-19: CEMAC countries invited to postpone implementation of any new corporate taxation measure to 2021

Covid-19: CEMAC countries invited to postpone implementation of any new corporate taxation measure to 2021
  • Comments   -   Wednesday, 01 April 2020 11:19

(Business in Cameroon) - The Ministers of Finance and Economy of the CEMAC region discussed the "economic and financial impacts of Covid-19 on CEMAC's economies and outline of solutions," on March 28, in Congo.

At the end of the meeting, it was decided, among other things, to put in place a set of measures to support companies affected by the preventive measures elaborated by each country to fight the pandemic. "These urgent support measures should be both fiscal (tax relief and moratorium allowances for the payment of taxes and certain social security charges) and budgetary (subsidies to companies to avoid bankruptcy and closures, as well as job losses). To this end, it was agreed that the States must postpone any new tax measures until 2021," the release published at the end of the meeting indicates.  

Apart from taxation measures, CEMAC recommends supporting national banks so that they can further fund companies, SMEs/SMBs particularly.

S.A.

cameroon-eneo-s-cashflow-problems-force-energy-rationing-in-the-northern-regions-again
On September 26, electric utility ENEO resumed with energy rationing in the three northern regions of Cameroon, an official release informs. According to...
cemac-china-s-economic-recovery-boosts-the-price-of-energy-products-exported-by-member-countries
In the second quarter of 2021, the prices o energy products exported by CEMAC countries (oil and gas namely) rose by 12.2%. According to a report...
cameroon-prodel-injected-xaf10-bln-in-88-projects-in-jan-sep-2021
The World Bank-backed Livestock Development Project (Prodel) recently published its activity report covering the first nine months of 2021. From the...
beac-cameroon-to-raise-xaf275-bln-in-the-debt-market-in-q4-2021
Cameroon plans to issue XAF275 billion of public securities in the Bank of Central African States (BEAC) market in the fourth quarter of this year....

Mags frontpage


Business in Cameroon n103: September 2021

Cameroon: The other cocoa land


The rise of private equity


Investir au Cameroun n113: septembre 2021

Le Cameroun, l’autre pays du cacao


L’émergence du private equity camerounais