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Yaoundé - 15 December 2018 -
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

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