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Cameroon Finance Law for 2022 Published Including Several Tax Measures

24 January 2022

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Approved Changes

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Cameroon

Cameroon's Ministry of Finance has published the Finance Law for 2022 (Law No. 2021/026 of 16 December 2021). The Ministry has also published Circular no. 00000456/C/MINFI Of 30 December 2021 on the instructions for the execution of the Finance Law for 2022, including an overview of the main tax measures. Some of the measures include: A tax on money transfer operations ("Money Transfer Tax") is established at the rate of 0.2% of the amount transferred or withdrawn, which covers: money transfer operations carried out by any means or technical support that leaves a trace, notably, by electronic means, mobile telephone,...