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Update - Additional Measures of Cameroon's Finance Law for 2021

11 February 2021

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Approved Changes

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Cameroon

Further to the measures previously reported, Cameroon's Finance Law for 2021 includes measures for: The introduction of a reduced felling tax of 3% (standard 4%) for forestry companies that can prove they have been duly certified by the competent authorities in terms of sustainable forest management; The expansion of the scope of the 3% stamp duty on advertising to include the free distribution within the framework of commercial promotion (i.e., gifts), with an increase in the advertising stamp duty rate for advertising on cigarettes and alcoholic beverages to 15%, including in the form of free distribution; The repeal of the...