CAMEROON – Tax Amnesty On Land Tax

In a press release of June 17th, 2016, the Director-General of Taxation reminds the owners of the buildings built or unbuilt, that the finance law for the fiscal year 2016, particularly in the fifth article of the fourth chapter, enables them to benefit a tax amnesty over the previous periods without callback of any penalties, if they spontaneously proceed with the payment of the land tax during the fiscal year 2016.

As reminder,

• Is liable of the tax on the landed property, any physical person or legal entity owner of building(s) built(s) or unbuilt(s), including every de facto owner.
• The rate of the tax on the landed property is fixed at 0,1 %.
• The tax on the landed property is based on the value of grounds and constructions such as declared by the owner. In case of lack of statement or in case of underestimate, the administrative value of the building determined according to provisions of the article 546 bis of tax lax, will be used as basis for the taxation.
• The tax on the landed property is due on January 1st of the year. It must be spontaneously settled latest on March 15th, on a statement of the liable person or entity or his representative