REPUBLIC OF CAMEROON PEACE - WORK - FATHERLAND
LAW No. 2024/012 OF 23 DEC 2024
THE FINANCE LAW OF THE REPUBLIC OF CAMEROON FOR THE 2025 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:
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# PART ONE ## GENERAL CONDITIONS FOR BUDGETARY AND FINANCIAL BALANCE
CHAPTER ONE
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 2025.
SECTION TWO: State revenue and expenditure shall include budgetary revenue and expenditure as well as cash and financing resources and expenses.
- 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.
- The State budget shall comprise the general budget and Special Appropriations 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.
PART TWO
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 ON CUSTOMS LEGISLATION
SECTION FIVE: Support to the livestock sector
- “Animal feed supplements”, in particular vitamins, essential amino acids and mineral salts not produced locally, intended for use in feed preparations to enhance animal growth, shall benefit from a 50% reduction on the taxable import value.
- The “animal feed supplements” list referred to above shall be established by a separate instrument issued by the Minister in charge of finance after consultation with the Ministry in charge of livestock and livestock farmers’ guilds, where applicable.
SECTION SIX: Support to green energy promotion
Electrically powered vehicles and motorbikes, under tariff subheadings 8701.24 00 100, 8702.40 10 100, 8702.40.20.100, 8703.80 10 100, 8703.80.90.100, 8704.60 00 100, 8709.11 00 000 and 8711.60 00 000, imported as new, their batteries and recharging stations, shall benefit from a 50% reduction in the taxable value, for twenty-four months.
| 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 | | --- |
# SECTION SEVEN: Customs clearance of imported software