Increase in threshold for application of the taxes
The government enacted amendments to business license duties and the synthetic tax, including an increase in the threshold for application of such taxes.
The scope of business license duties was broadened to include production and sale of firearms, ammunition, and explosives, as well as gambling and entertainment activities, but 23 activities were exempted from the payment of business license duties. A one-year exemption for new businesses (which may be extended to two years for certain categories of businesses) was also adopted.
The legislation also provided for the payment of municipal excise duties by entities engaged in activities that pollute the environment. The rates for additional council surcharges were also adjusted.
For more information, contact a KPMG tax professional in Cameroon:
Theophile Tchafack | ttchafack@kpmg.cm
Nguy Blaise Feindjom | nfeindjom@kpmg.cm