(Business in Cameroon) - After a 77 billion CFA francs deficit in the second quarter of 2013, the taxation department has witnessed an improvement in the third quarter. Of the 266 billion CFA francs expected from the department in July, August and September, the taxation department fetched 292.7 billion. The performance represents 110 per cent given that 26.7 billion CFA francs surplus was collected.

The first quarter performance was evaluated at 88 per cent given that of the expected 680 billion CFA francs, 602 billion CFA francs was effectively collected. 1, 214 billion CFA francs is expected from the taxation department by December 31, 2013.

The improvement in performance, according to the Director General of Taxes, Modeste Mopa Fatoing interviewed by Cameroon Tribune, is thanks to revision of recovery strategies. Enlarging the tax base, reinforcing the follow up and control of tax payers as well as fiscal control were implemented.

The performance, Modeste Mopa Fatoing said, is fruit of innovations brought in by the new management team under his control. He noted that for the first time, the taxation department went above its expected monthly recovery. “In July, our objective was to recover 92 billion CFA francs but at term, we fetched 103 billion CFA francs, recording a 112 per cent performance given that additional 11 billion CFA francs was collected,” he said.

These performances have reduced the 77 billion CFA francs gap of the first and second quarter to about 50 billion CFA now. Completely bridging the gap to attain the 1, 214 billion CFA objective by December 31, 2013 is the priority of the taxation administration now. Its Director General said besides upholding the strategies that served to reverse the first quarter trends, he and his team are also working on devising more efficient ones that transform their vision to reality.

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