- Cameroon will end the VAT exemption on social housing transactions from 2026, applying a reduced 10% VAT rate instead of the standard 19.25%.
- The change affects mortgage loan interest, as well as the sale and rental of social housing units.
- The government expects to generate over CFA3 billion in additional tax revenue annually.
- The move comes despite a significant social housing deficit of about 2.5 million units and slow progress in government housing programs.
- The new VAT may increase costs for both developers and households, potentially worsening access to affordable housing.
Source: businessincameroon.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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