The Cameroonian President Dec. 19 signed Law No. 2023/019, the 2024 finance law. The law includes measures: 1) establishing procedures for the calculation of net taxable profit and business expense deduction; 2) establishing the March 15 deadline for large enterprises, the April 15 deadline for medium-size taxpayers, and the May 15 deadline for other divisional taxpayers for the tax declaration; 3) establishing penalties for noncompliance, including an annual pricing declaration; 4) setting provisions for electronic submission of country-by-country (CbC) declarations within 12 months for multinational enterprise (MNE) groups; 5) establishing procedures for implementing the automatic exchange of financial account information ...
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