Cameroon's Finance Law for 2024 Introduced Several Tax Changes Including Deduction Changes, Return Deadline Changes, and CbC Reporting
Cameroon's Finance Law for 2024 (Law No. 2023/019 of 19 December 2023) has introduced several tax changes for 2024. Some of the main tax changes for companies are summarized as follows:
- Amendments are made regarding deductible and non-deductible expenses (losses):
- the limit on the deduction of head office expenses is amended with the addition of a limit equal to 1% of turnover for companies i…