New Tax Legislation - An Overview

Cameroon tax legislation has been a function of the UDEAC LEGISLATION (UDEAC being The Central African Customs Union) and for some time now, been guided by the tax code on import/export products which protects the home industry. This code reflects a higher tax on importation than exportation which has been a strategy of encouraging the latter rather than the former. This however, has been a remarkable effect on the current balance of payment; and the tendency now is that the government is trying to increase the tax base and at the same time, reducing the tax rate. For example, there's the imposition of new taxes on timber and remarkably on real estate property while the poll tax has been completely abolished.