Others Significant taxes

Business License

The business license tax is imposed at graduated rates on the annual turnover of an enterprise.

It varies from 0.159% to 0.494% of the turnover, with deductions for turnovers over 2 billion, for each income bracket of 500 million.

Table below summarizes it:

TaxPayer Management Unit

Revenue Level Minimum

Rate

Minimum

Maximum

Large companies

More than 3 billions

0.159%

5 Millions

2,5 Billions

Medium Size companies and specific activities

50 Millions - 3 Billions

0.283%

141.500

4,5 Millions

Small Enterprises

0 - 50 Millions

0.494%

50.000

140.000

The business license tax is latest on 28th of February of each year.


Stamp and Registration duties

Most of legal and contractual obligations are subjected to fix, proportional, progressive registration duties. They are due following the conclusion or execution of the act.

Table below shows some of the most important

Transactions

Rate

Business sales

15%

Real estate, sales, transfer

10%

Real estate unlimited lease

15%

Limited lease, for professional, commercial industrial use

10%

Limited lease, for living use

5%

Lease of movables

5%

Movables unlimited use

5%

Movables purchasing and selling

5%

Movables exchanges

5%

Goods acquired in business acquisition/sales

2%

Real estate sharing

1%

Some transactions are exempted from registration duties like company formation, capital increase, merging, and fusion.


Withholding tax

Some transactions are subjected to tax retention at source.

Payment of

Rate

Dividend(Resident or not)

16,50%

Interest(Non-resident)

16,50%

Royalties(Resident or not)

16,50%

Lease to non-professional

10%

Liberal professions and services providers

5,00%

Commercial agents without salary paid

11,00%

  • Dividend, interest and royalties’ rate is applicable unless resident is from a country with double tax treaty with Cameroon.
  • The treaty will either reduce of cancel the retention, the income will then be taxable in the beneficiary’s country.
  • Rate of 16.5% is 15% withholding tax and a 10% local surcharge

Last update: 29 of July 2021

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