(Business in Cameroon) - Louis Paul Motazé, the Cameroonian minister of finance just extended the deadline for the collection of property taxes by one month (July 30, 2018). This was revealed in an official statement which also informed that the agents recruited for that purpose are going from door to door to collect and submit the already filled tax forms.
Once the form is submitted, the taxpayer can choose to pay via mobile money or at the nearest tax directorate.
Let’s remind that Cameroon started seriously enforcing this tax during the 2015 fiscal year in Yaoundé. Till then, many taxpayers ignored it.
In 2016, to encourage property owners to pay the tax which has been generalized on the whole territory, the government promised to only collect the tax from the 2016 fiscal year if the taxpayers start paying from that year.
Let’s note that in 2017, the tax agents collected CFA4 billion of property tax out of the potential estimated at CFA20 billion.