Republic of Cameroon Peace - Work - Fatherland
MINISTRY OF FINANCE
ANNUAL REPORT
DIRECTION GÉNÉRALE DES HANDES
DGI
Direction Générale des Ingalls
Directorate General of Taxation
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H.E. PAUL BIYA President of the Republic of Cameroon
Mr PHILEMON YANG Prime Minister – Head of Government
DGT 2017 Annual Report 4
Mr LOUIS PAUL MOTAZE
Minister of Finance
Mr YAOUBA ABDOULAYE
Minister Delegate to the Minister of Finance
Mr GILBERT DIDIER EDOA
Secretary General at the Ministry of Finance
DGT 2017 Annual Report 5
DGT 2017 Annual Report 6
FORWARD BY THE MINISTER OF FINANCE
2017 like the previous years, beginning in 2015, did not favour the growth of economic activity in our country. From a security perspective, the secessionist tendencies in the North West and South West Regions, incursions by Central African armed groups in the East, sporadic attacks by the Boko Haram Islamic sect have remained a major preoccupation to the authorities. At the same time, world market prices of raw materials especially petroleum remained low coupled with the dwindling production. The drop in economic growth from 4.6% in 2016 to 3.5% in 2017 is very illustrative of the difficulties of this period.
It is within this context that the tax administration had to mobilise domestic resources whose target was up by 6.9% compared to the 2016 output.
At the end of the fiscal year FCFA 1 790.4 billion, non-oil tax revenue was collected as against a target of FCFA 1 719.0 billion, representing a realisation rate of 104.2% and an increase of +10.8% compared to 2016.
Tax collection from the petroleum sector stood at FCFA 66.5 billion as against a target of FCFA 124.0 billion, representing 53.6% realization of the objective.
With regards to revenue collected for Local Authorities and Public Establishments, it stood at FCFA 209.8 billion.
Hence, domestic resources worth FCFA 2 066.7 billion were mobilised by the Directorate General of Taxation in 2017.
Just as in previous years, the pursuit of reforms in 2017 continued to be the bedrock for the durable mobilisation of resources. In the area of tax management, the reorganization of services continued with the finalisation of the Medium-size Taxpayer Office reform, likewise the modernisation of working methods with the automation of many tax procedures, the recourse to external expertise within the framework of "Tax Inspectors Without Borders" and the strengthening of cooperation ties with the Customs administration.
These tax management reforms geared towards the broadening of the tax base were completed by new tax policy measures aimed at improving the yield of the Value Added Tax (VAT), the Special Tax on Petroleum Products (STPP) and excise duties. In the same vein, the extension of the withholding at source to the windscreen license furthered the enhancement of revenue. In addition, a special mechanism for an improved collection of taxes from the State budget was implemented.