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Cameroon, Republic of
Overview
Last reviewed - 12 August 2024The Republic of Cameroon, a country located in Central and Western Africa, is bordered by Nigeria and the Atlantic Ocean to the west, Chad to the northeast, the Central African Republic to the east, and Equatorial Guinea, Gabon, and the Republic of Congo to the south. Cameroon is divided into ten regions, with Yaoundé as the capital. Cameroon's currency is the Communauté Financière Africaine franc (XAF), and its official languages are French and English.
Cameroon has generally enjoyed stability, which has permitted the development of agriculture, roads, and railways, as well as a petroleum industry. Because of its oil resources and favourable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. International oil and cocoa prices have a significant impact on the economy. Since 1990, the government has embarked on various International Monetary Fund (IMF) and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalise the nation's banks.
PwC has an extensive network of offices in most countries on the African continent. PwC Cameroon offers a range of tax, audit, and consulting services. Our professionals support clients with local knowledge and skills, including in the area of taxation, and access to a broad range of other professionals across the PwC global network of firms.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
33 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
15 March for taxpayers under the Large Taxpayers' Unit; 15 April for taxpayers reporting to Medium-sized Tax Centres and Specialized Tax Centres; 15 May for taxpayers under Divisional Tax Centres. |
| CIT final payment due date |
15 March for taxpayers under the Large Taxpayers' Unit; 15 April for taxpayers reporting to Medium-sized Tax Centres and Specialized Tax Centres; 15 May for taxpayers under Divisional Tax Centres. |
| CIT estimated payment due dates |
Minimum tax of turnover realised during each month shall be paid to the tax authorities not later than the 15th day of the following month, except where exemption applies. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
38.5 |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
15 March for taxpayers under the Large Taxpayers' Unit; 15 April for taxpayers reporting to Medium-sized Tax Centres and Specialized Tax Centres; 15 May for taxpayers under Divisional Tax Centres. |
| PIT final payment due date |
15 March for taxpayers under the Large Taxpayers' Unit; 15 April for taxpayers reporting to Medium-sized Tax Centres and Specialized Tax Centres; 15 May for taxpayers under Divisional Tax Centres. |
| PIT estimated payment due dates |
15th day of the month following the payment of wages/salaries. |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
19.25 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 16.5 / 16.5 / 0; Non-resident: 16.5 / 16.5 / 15 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate. |
| Headline individual capital gains tax rate (%) |
Stocks and shares: 16.5; Real property: 30 |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
5 |
| Headline gift tax rate (%) |
20 |
Republic of Cameroon contacts
Republic of Cameroon contacts
Republic of Cameroon News
Tax Partner, Tax Leader for Cameroon and Chad, PwC Cameroon
+237 233 43 24 43/44/45
