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THE GENERAL TAX CODE
Edited on the 1st of January 2021
Official Edition
Directorate General of Taxation
WebSite : www.impots.cm
Toll free number : 82 00
General Tax Code – 2021 Official Edition - II
CONTENTS
INTRODUCTORY PROVISIONS GENERAL PROVISIONS 1
BOOK ONE: TAXES AND DUTIES 3
PART I DIRECT TAXES 5
- CHAPTER I: COMPANY TAX: 5
- DIVISION I: GENERALITIES 5
- DIVISION II: SCOPE OF APPLICATION 5
- DIVISION III: TAXABLE PROFITS 7
- DIVISION IV: PLACE OF ASSESSMENT 19
- DIVISION V: PERIOD OF ASSESSMENT 19
- DIVISION VI: CALCULATION OF TAX: 19
- DIVISION VII: OBLIGATIONS OF TAXPAYERS 20
- DIVISION VIII: ASSESSMENT 22
- DIVISION IX: PAYMENT 23
- DIVISION X: TAXPAYER'S OBLIGATIONS 25
- CHAPTER II: PERSONAL INCOME TAX 26
- DIVISION I: GENERAL PROVISIONS 26
- SUBDIVISION I: PERSONS LIABLE 26
- SUBDIVISION II: EXEMPTIONS 27
- SUBDIVISION III: PLACE OF ASSESSMENT 27
- DIVISION II: BASIS OF ASSESSMENT OF THE PERSONAL INCOME TAX: 28
- SUBDIVISION I: SALARIES, WAGES, PENSIONS AND LIFE ANNUITIES 28
- SUBDIVISION II: INCOME FROM STOCKS AND SHARES 29
- SUBDIVISION III: INCOME FROM PROPERTY 33
- SUBDIVISION IV: HANDICRAFT, INDUSTRIAL AND COMMERCIAL PROFITS 34
- SUBDIVISION V: PROFITS FROM AGRICULTURE 35
- SUBDIVISION VI: NON-COMMERCIAL PROFITS 35
- SUBDIVISION VII: PROVISIONS COMMON TO HANDICRAFT, INDUSTRIAL, COMMERCIAL, AGRICULTURAL AND NON-COMMERCIAL PROFITS 37
- SUBDIVISION VIII: ASSESSMENT BASED ON OUTWARD SIGNS OF WEALTH 37
- SUBDIVISION IX: ACTS CONSTITUTING, LIABILITY AND LIABILITY FOR PAYMENT 40
- DIVISION III: TAX CALCULATION 40
- DIVISION IV: ACCOUNTING OBLIGATIONS 41
- DIVISION V: OBLIGATION TO FILE RETURNS 41
- DIVISION VI: PAYMENT OF TAXES 42
- SUBDIVISION I: SALARIES, WAGES, PENSIONS AND LIFE ANNUITY 43
- SUBDIVISION II: INCOME FROM SECURITIES 43
- SUBDIVISION III: REAL ESTATE INCOME 44
- SUBDIVISION IV: HANDICRAFT, INDUSTRIAL, COMMERCIAL, AGRICULTURAL AND NON COMMERCIAL PROFITS 44
- CHAPTER III: GENERAL AND COMMON PROVISIONS ON COMPANY AND PERSONAL INCOME TAX 46
General Tax Code – 2021 Official Edition - III
DIVISION I: ASSESSMENT REGIMES...46 DIVISION II: DEPARTURE FROM CAMEROON...48 DIVISION III: PLACE OF ASSESSMENT...48 DIVISION IV: OBLIGATIONS OF BUSINESS OWNERS...48 DIVISION V: TAX INCENTIVES...49 ANNEX: LIST OF AGRICULTURAL, STOCK BREEDING AND FISHERIES EQUIPMENT EXEMPTED FROM VAT...59
PART II: VALUE ADDED TAX AND EXCISE DUTY...68
CHAPTER I: SCOPE OF APPLICATION...68 DIVISION I: PERSONS LIABLE...68 DIVISION II: TAXABLE TRANSACTIONS...68 DIVISION III: EXEMPTIONS...70 DIVISION IV: TERRITORIALITY...71 DIVISION V: EXCISE DUTY...73
CHAPTER II: METHODS OF CALCULATION...73 DIVISION I: ASSESSMENT...73 DIVISION II: ACTS CONSTITUTING LIABILITY AND LIABILITY FOR PAYMENT...74 DIVISION III: CALCULATION...75
CHAPTER III: RULES OF PROCEDURE...83 DIVISION I: METHODS OF PAYMENT OF THE TAX:...83 DIVISION II: TAXPAYER'S OBLIGATIONS...86
ANNEX TO PART II: ANNEX I: LIST OF BASIC COMMODITIES EXEMPTED FROM VAT...88 ANNEX II: LIST OF PRODUCTS SUBJECT TO EXCISE DUTY...93
PART III: COUNCIL TAXES...97
PART IV: DIVERSES TAXES AND DUTIES...97
CHAPTER I: TAX ON GAMES OF CHANCE AND GAMES OF ENTERTAINMENT...97 DIVISION I: COMMON PROVISIONS...97 DIVISION II: SPECIFIC PROVISIONS FOR CASINOS...97