Cameroon, Republic of
The 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.
|Corporate income tax (CIT) rates|
|Headline CIT rate (%)||
- 33 for entities with a turnover of more than XAF 3 billion;
- 30.8 for entities with a turnover less or equal to XAF 3 billion
|Corporate income tax (CIT) due dates|
|CIT return due date||
|CIT final payment due date||
|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 (%)||
|Personal income tax (PIT) due dates|
|PIT return due date||
|PIT final payment due date||
|PIT estimated payment due dates||
15th day of the month following the payment of wages/salaries.
|Value-added tax (VAT) rates|
|Standard VAT rate (%)||
|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 (%)||
|Inheritance and gift tax rates|
|Headline inheritance tax rate (%)||
|Headline gift tax rate (%)||