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Yaoundé - 16 July 2019 -
Finance

Cameroon: Airport tax revenues went up by more than 100% to XAF11.2 billion in 2018

Cameroon: Airport tax revenues went up by more than 100% to XAF11.2 billion in 2018
  • Comments   -   Tuesday, 02 July 2019 13:29

(Business in Cameroon) - Cameroon generated XAF11.2 billion in airport tax during the 2018 fiscal year, the finance ministry reveals in its 2018 budget execution report. Compared to the XAF5.2 billion raised a year earlier, this represents more than a 100% year to year increase.

This improvement is primarily due to an increase in the country's air traffic during the period under review. Indeed, the state-owned carrier realized its best performance since launch in 2011 but, foreign carriers were also attracted to Cameroon’s sky.

The increase in this segment of tax revenues is also the result of a reform of this tax segment in March 2015. According to tax authorities, the reform consists in securing revenues by transferring its collection to carriers. Three years later, the reform seems to have produced significant results.

BRM

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