Cameroon Enacts Major Tax Reform Legislation

Cameroon has enacted the 2022 Finance Law, which provides for various changes to the country’s tax regime, including the introduction of a concessionary rate of corporate income tax.

The law also establishes numerous tax breaks for the agricultural sector and to promote local processing. It provides for a VAT exemption for essential goods that are sold directly by farmers, livestock breeders, and fishermen.

Source: answerconnect.ch

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