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Yaoundé - 25 October 2020 -

Insurance companies in Cameroon must make known their tax, statistical and account draft docs

Insurance companies in Cameroon must make known their tax, statistical and account draft docs
  • Comments   -   Friday, 25 January 2013 09:44

A prime ministerial decree signed on January 15 and published 7 days later, makes an earlier Inter-African Conference on Insurance markets (CIMA) decision mandatory in Cameroon, conforming to Article 300 of the CIMA charter.

Insurance companies at the end of each year must present these documents in a stipulated format and must be made available to the regional services of taxation and statistics wherein the headquarters of the insurance company likewise to the National Institute of Statistics and the Ministry of Finance.

The deadline for the deposit of these documents is defined by article 18 of the Cameroon General Tax Code. Sanctions await companies that will not comply as prescribed by the country’s tax procedures handbook, read the decree signed by PM, Philemon Yang.

JV

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