Inflation which is another aspect of taxation was highly increased after the devaluation of the Franc CFA in January 1994; but the tendency has been to stabilize and reduce this to a minimum of between 3% - 5%. There has also been a slight increase in Consumer price index in the economic capital and Cameroon in general. This has been done by GICAM (Groupement lnter-patronal du Cameroun) A Cameroon Business Men Association made up of all managing directors and CEOs.
To view the major highlights of the key changes introduced by the 1997/98 Finance Law, see the other Cabinet Nico Halle pages covering:
- Changes to the General Tax Code,
- Levies on the Tax Legislation,
- Turnover Tax,
- Tax Credits,
- Stamp Duty and Registration Taxes, and
- Miscellaneous Changes.
NOTE: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for specifics.
For further information contact Mr Nico Halle, Tel: +237 42 64 79 or Fax: +237 43 26 34 or enter text search 'Nico Halle Law Firm' and 'Mondaq Business Briefing'.