(Business in Cameroon) - The committee of CEMAC informs that it has sent task forces in the community’s member countries to investigate on the issue of VAT refund. Once the investigations are completed, the results will be shared and capitalized during the regional workshop which will be held in Libreville from March 5 to 7, 2018.  

During the workshop, the community’s high officials will come to the rescue of the private sector by seeking solutions to the issue of VAT refund. “It is crucial to recreate a climate of trust in business and stop limiting the sub-region's companies’ ability to invest if we want national economies to renew with sustainable and balanced growth”, CEMAC indicates.

The committee reveals that in 2016, it set a new multilateral surveillance procedure to hasten the payments of part of VAT refund arrears. However, due to the unfavorable international economic situation, its member countries experience cash-flow difficulties and are thus unable to pay the VAT refunds.

S.A