.
.
THE GENERAL TAX CODE Edited on the 1st of January 2024
Official Edition Directorate General of Taxation WebSite : www.impots.cm Toll free number : 82 00
General Tax Code – 2023 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 15
DIVISION V: PERIOD OF ASSESSMENT 16
DIVISION VI: CALCULATION OF TAX: 16
DIVISION VII: OBLIGATIONS OF TAXPAYERS 16
DIVISION VIII: ASSESSMENT 18
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 36
SUBDIVISION VII: PROVISIONS COMMON TO HANDICRAFT, INDUSTRIAL, COMMERCIAL, AGRICULTURAL AND NON-COMMERCIAL PROFITS 37
SUBDIVISION VIII: ASSESSMENT BASED ON OUTWARD SIGNS OF WEALTH 38
SUBDIVISION IX: ACTS CONSTITUTING LIABILITY AND LIABILITY FOR PAYMENT 40
DIVISION III: TAX CALCULATION 41
General Tax Code – 2023 Official Edition - III
General Tax Code – 2023 Official Edition - IV
DIVISION IV: ACCOUNTING OBLIGATIONS ... 42 DIVISION V: OBLIGATION TO FILE RETURNS ... 42 DIVISION VI: PAYMENT OF TAXES ... 43 SUBDIVISION I: SALARIES, WAGES, PENSIONS AND LIFE ANNUITY ... 44 SUBDIVISION II: INCOME FROM SECURITIES ... 44 SUBDIVISION III: REAL ESTATE INCOME ... 45 SUBDIVISION IV: HANDICRAFT, INDUSTRIAL, COMMERCIAL, AGRICULTURAL AND NON COMMERCIAL PROFITS ... 45
CHAPTER III: GENERAL AND COMMON PROVISIONS ON COMPANY AND PERSONAL INCOME TAX ... 47 DIVISION I: ASSESSMENT REGIMES ... 47 DIVISION II: DEPARTURE FROM CAMEROON ... 51 DIVISION III: PLACE OF ASSESSMENT ... 51 DIVISION IV: OBLIGATIONS OF BUSINESS OWNERS ... 52 DIVISION V: TAX INCENTIVES ... 53 ANNEX: LIST OF AGRICULTURAL, STOCK BREEDING AND FISHERIES EQUIPMENT EXEMPTED FROM VAT ... 64
PART II: VALUE ADDED TAX AND EXCISE DUTY ... 73 CHAPTER I: SCOPE OF APPLICATION ... 73 DIVISION I: PERSONS LIABLE ... 73 DIVISION II: TAXABLE TRANSACTIONS ... 73 DIVISION III: EXEMPTIONS ... 74 DIVISION IV: TERRITORIALITY ... 77 DIVISION V: EXCISE DUTY ... 79
CHAPTER II: METHODS OF CALCULATION ... 79 DIVISION I: ASSESSMENT ... 79 DIVISION II: ACTS CONSTITUTING LIABILITY AND LIABILITY FOR PAYMENT ... 79 DIVISION III: CALCULATION ... 80
CHAPTER III: RULES OF PROCEDURE ... 88 DIVISION I: METHODS OF PAYMENT OF THE TAX: ... 88 DIVISION II: TAXPAYER'S OBLIGATIONS ... 92
ANNEX TO PART II: ANNEX I: LIST OF BASIC COMMODITIES EXEMPTED FROM VAT ... 94 ANNEX II: LIST OF PRODUCTS SUBJECT TO EXCISE DUTY ... 99
PART III COUNCIL TAXES ... 104