Yaoundé - 11 July 2020 -
Public management

Cameroon moves to strengthen its international tax fraud and evasion combating system

Cameroon moves to strengthen its international tax fraud and evasion combating system
  • Comments   -   Friday, 10 January 2020 11:05

(Business in Cameroon) - In the 2020 Finance Law, Cameroon has decided to strengthen its international tax fraud and evasion combating system.

To this end, the country has specifically strengthened the mechanism for combating illicit profit transfers by reformulating the declaratory obligation for transfer pricing; clarifying the arm's length principle as a reference in the fight against profit transfers, and aligning the transfer pricing documentation obligation with international standards.

Nevertheless, Cameroon has decided to extend the time limit for transfer pricing controls from 9 to 12 months in accordance with international transfer pricing standards. In addition, the country has moved to abolish the requirement of proof of a presumption of transfer of profits as a triggering event for the transfer pricing documentation requirement in the event of a tax audit.

This change in Cameroonian legislation to combat international tax evasion follows Cameroon's accession, in 2017, of the Organisation for Economic Co-operation and Development (OECD) Convention on Mutual Administrative Assistance in Tax Matters.

This convention enables Cameroon to improve its tax information gathering capacities, especially with regard to Cameroonian subsidiaries of multinationals whose parent companies are, for the most part, located in tax jurisdictions already party to the convention.


Cameroon Development Corporation (CDC), the country's second-largest employer after the public administration, exported 301 tons of banana in June 2020,...
Camrail, a subsidiary of Bolloré Railways and concessionaire of Cameroon’s railway network, indicates that, in May 2020, it transported 16,128 tons of...
In the framework of the 2021 finance law currently being drafted, the Cameroonian government plans to allocate a budget of CFAF 97.85 billion for the...
In 2019, Cameroon produced a little over 107,000 tons of beef and 103,331 tons of poultry meat. According to a study on the strategic positioning of the...

Mags frontpage

Business in Cameroon n88: June 2020

Covid 19 Its impacts so far

Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»

Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts

Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »