Cameroon President Signs 2023 Finance Law

The Cameroonian President Dec. 27 signed Law No. 2022/020, the 2023 finance law. The law includes measures: 1) setting a 25 percent company tax rate for companies with a turnover up to 3 billion Central African CFA francs (US$4.8 million), from the financial year closed at Dec. 31; 2) expanding the list of sectors subject to income tax installments for falling under the regulated profit margin; 3) applying an increased 30 percent tax rate to income from stocks paid to individuals or entities in tax havens; 4) expanding the actual earnings regime to taxpayers in sectors such as oil and ...