logoBC
Yaoundé - 29 March 2024 -
Taxation

Cameroon: Tax office sets the public procurement tax for 2019

Cameroon: Tax office sets the public procurement tax for 2019
  • Comments   -   Wednesday, 21 November 2018 16:10

(Business in Cameroon) - The Cameroonian tax authority is redefining public procurement tax for 2019. In that regard, it plans to collect a 7% tax on “public purchase orders” which include public contracts and orders worth less than CFA5 million paid from the budget of the State, decentralized local authorities and public institutions, regardless the source of funding. This is set in the 2019 Finance Act under consideration by parliament since November 16.

In addition, a 5% tax is planned on “order forms” defined as public contracts and orders ranged between CFA5 million and CFA50 million, paid from the budget of the State, decentralized local authorities and public institutions. The value is equal to or greater than CFA5million and less than CFA50 million.

Another 3% tax is planned on “public procurements” which include public orders of CFA50 million or more, paid from the budget of the State, decentralized local authorities and public institutions.

S.A

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »