logoBC
Yaoundé - 15 August 2020 -
Economy

Cameroon : XAF364 bln of customs revenues raised in H1, 2019

Cameroon : XAF364 bln of customs revenues raised in H1, 2019
  • Comments   -   Thursday, 25 July 2019 16:06

(Business in Cameroon) - In H1, 2019, Cameroon’s customs raised XAF364 billion of customs revenues, the authority informs. This is XAF6.8 billion more than the XAF357.5 billion raised in H1, 2018.

The performance could have been better, but for the XAF47.2 billion and XAF56.6 billion yet to be collected from the government and SONARA respectively, the customs general directorate indicates. In addition, the directorate adds, XAF3.6 billion of customs revenues were not collected because of the economic partnership with the European Union. There was also XAF69.8 billion of tax expenditures.  

The main customs revenues providers during the period under review were oil and lubricants (XAF68 billion), passenger vehicles (XAF22.2 billion), raw timber (XAF13.3 billion), worn clothing (XAF12 billion), clinker (XAF11.4 billion), freight transport vehicles (XAF9.7 billion) and tiles (XAF7.6 billion).

Main contributors are Sonara (despite its debt), Brasseries du Cameroun, Cami, Total Cameroon, Petrolex, TractafriC and Tradex.

S.A

camrail-renovates-13-railway-bridges-and-announces-completion-of-rehabilitation-works-on-55-others-for-2021
The Interministerial Committee on Railways Infrastructure (Comifer) recently checked the completion of renovation works on 13 railway bridges. According...
cemac-beac-announces-the-launch-of-etransfert-to-speed-up-the-processing-of-wire-transfer-requests
The Bank of Central African States (BEAC), the central bank of CEMAC countries, announces that on September 1, 2020, it will officially...
cameroon-postpones-implementation-of-the-fifth-phase-of-its-epa-with-the-eu
Importers were recently surprised to be asked the full customs duties for their car imports from the European Union (EU) instead of receiving a 10%...
national-bank-of-equatorial-guinea-obtains-business-license-for-its-subsidiary-in-cameroon
Bange Bank Cameroon SA, a subsidiary being set up by the National Bank of Equatorial Guinea (Bange) in Cameroon, was issued a business license by the...

Mags frontpage


Business in Cameroon n90: June 2020

Top 100 economic actors in Cameroon


Colonel Roger Kuitche: “Military strategy is an important tool that will beneft businesses and public administrations”


Investir au Cameroun n100 Juillet-Août 2020

Le Top 100 des acteurs économiques du Camerouns


Colonel Roger Kuitche : « la stratégie militaire appliquée aux entreprises et aux administrations est un outil à exploiter »