REPUBLIC OF CAMEROON PEACE - WORK - FATHERLAND
LAW N. 2021/026 OF 16 DEC 2021
FINANCE LAW OF THE REPUBLIC OF CAMEROON FOR THE 2022 FINANCIAL YEAR
PRESIDENCE DE LA REPUBLIQUE PRESIDENCY OF THE REPUBLIC SECRETARIAT GENERAL SERVICE DU FICHIER LEGISLATIF ET REGLEMENTAIRE LEGISLATIVE AND STATUTORY AFFAIRS CARD INDEX SERVICE COPIE CERTIFIEE CONFORME CERTIFIED TRUE COPY
The Parliament deliberated and adopted, the President of the Republic hereby enacts the law set out below:
2
# PART ONE GENERAL CONDITIONS OF BUDGETARY AND FINANCIAL BALANCE
1- GENERAL PROVISIONS
SECTION ONE: The purpose of this law is to determine Government revenue and expenditure, lay down the conditions of budgetary and financial balance and establish the State budget for 2022.
SECTION TWO: (1) State revenue and expenditure shall include budgetary revenue and expenditure as well as cash and financing resources and expenses.
(2) The State budget shall determine the nature, amount and allocation of revenue and expenditure, the resulting budgetary balance as well as the terms of financing.
(3) The State budget shall comprise the general budget and Special Appropriation Accounts.
SECTION THREE: This part provides for and authorizes State resources, fixes the ceilings for State expenses and establishes the resulting budgetary and financial balance.
2 - PROVISIONS RELATING TO RESOURCES
SECTION FOUR: The taxes, duties, levies, contributions, royalties, other proceeds and public revenue of the Republic of Cameroon shall continue to be collected in accordance with the instruments in force, subject to the provisions of this law.
CHAPTER ONE
PROVISIONS RELATING TO CUSTOMS DUTIES AND TAXES
SECTION FIVE: Support to the agriculture, animal husbandry, human and animal health priority sectors as well as to local wood processing activities.
- The following shall be exempted from customs duties and taxes:
(a) prefabricated constructions of tariff heading 9406, imported for use as agricultural greenhouses;
(b) imported improved animal and plant seeds intended to enhance animal and agricultural production;
(c) vaccines for human and veterinary medicine, drugs for veterinary use as well as software for medical use imported by approved persons;
(d) imported medical appliances, consumables, equipment and materials intended for upgrading technical equipment in health facilities, for a period of twenty-four (24) months;
(e) imported appliances, equipment, materials and tools intended for the development of local intensive wood processing activity;
- The lists of goods referred to in points (d) and (e) of paragraph 1 above shall be established by separate instruments of the Minister in charge of finance, in conjunction with the relevant technical government services and professional corporations.
PRESIDENCE DE LA REPUBLIQUE PRESIDENCY OF THE REPUBLIC SECRETARIAT GENERAL SERVICE DU FICHIER LEGISLATIF ET REGLEMENTAIRE AND STATISTIQUES AGENCIES D'UNIVERSITAT SERVICES
# SECTION SIX: Excise duty on certain imported goods
The following import goods shall be subject to ad valorem excise duties as follows:
| Description | Customs Tariff | Rate | | --- | --- | --- | | Natural honey | 0409.00.00.000 | 25% | | Irish potatoes | 0701.90.00.000 ; 0710.10.00.000 | |