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Yaoundé - 14 July 2020 -
Mining

Cameroon to maximize mining tax recovery

Cameroon to maximize mining tax recovery
  • Comments   -   Wednesday, 31 October 2018 19:09

“(Business in Cameroon) - The value chain of mining and oil sectors, from exploration to export: tax collection techniques”. This is the theme of a workshop organized by the finance ministry since 29 October 2018 in the Cameroonian capital.

For four days, we learn, talks will focus on educating participants on the best techniques for collecting tax revenues in the targeted sectors, despite the “heterogeneity of tax regimes” that characterizes the extractive industries sector in Cameroon. The goal is to find ways to boost tax revenues from this sector.

Let’s recall that while oil revenues represent up to 25% of the national budget, the mining activity’s share is still very low as most deposits are still exploited by artisanal means and, generally, illegally.

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