News

GABON -New 2% tax on cash withdrawals from banking institutions

The 2% tax on bank withdrawals instituted by the government and contained in the amending finance law (LFR), should finally be adopted. According to the Ministry of Economy, “Physical currency presents health risks highlighted by the Covid-19 pandemic. Economically, physical currency-based transactions are difficult to control and promotes the informal economy.” The objective of this tax is therefore “to accelerate the change of users habits, by economically encouraging them to favor digital or traceable transactions (via cheque, bank transfer, payment cards [...]

October 29, 2020 News
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GABON -Tax Web-Portal

Put on-line since February, 2014 by the tax office, the fiscal Tax web-portal is a venue aiming at ” dematerializing tax processes “, and modernizing of the tax office services. hence, tax declarations, payment orders, tax receipts, etc… are archived and can be downloaded or printed out at any time on www.etax.dgi.ga Dematerialization offers the following advantages: Declaration on Internet of taxes gradually put on-line Remote payment by a transfer order since e-t@x, and available 24/7 Direct Payment safely and without any contribution of [...]

October 29, 2020 News
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Cameroon – Covid-19 : Customs tax related measures – shortfalls in prospects

Customs-Tax related measures to support the sectors most affected by the effects of the fight against the Covid-19 pandemic will generate a shortfall of 114 billion CFA francs in state treasury, according to data from the Directorate General of Taxes (DGI). Among these measures, here are the most important ones presented by the Prime Minister on April 30, 2020: Suspension of tax and forced collection controls, VAT and Customs Duty Relief on Materials and Equipment Intended to Combat Covid-19, Deductibility of Covid-19 donations [...]

October 29, 2020 Cameroon, News
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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 [...]

October 29, 2020 Cameroon, News
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Covid 19 – Central Africa implements exceptional tax and social measures

In order to take into account the impact of the coronavirus epidemic on economic activity, the tax administrations in Central Africa have put in place exceptional measures to support the economy strongly impacted, in particular by the total or partial lockdown, imposed to contain covid-19. These measures range from deferral of tax and social contribution payment, to tax-customs exemptions related to imports of various materials and products to deal with the pandemic, the unlimited deductibility of donations made in [...]

October 29, 2020 News
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Summary Presentation

Central Africa is made up of six(6) States (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad). They are part of an economic and geographical zone named CEMAC (Central Africa Economic and Monetary Community). This geographical space extends on over more than 3 millions of km2, that is 14% of the surface of sub-Saharan Africa and account about 40 million inhabitants. Two member states are without maritime facade, they are; RCA and Chad. The tax system of the member countries [...]

October 29, 2020 News, Publications
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