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Cameroon to increase tax-to-GDP ratio to 13.55% by 2024


Cameroon to increase tax-to-GDP ratio to 13.55% by 2024
July 9, 2021
Cameroon to increase tax-to-GDP ratio to 13.55% by 2024
July 9, 2021
July 8, 2021
Business in Cameroon | The Cameroonian government is currently planning to gradually increase the tax-to-GDP ratio from 11.80% in 2021 to 12.5% in 2022 and then to 13.55% by 2024. The figures were published in the review report of the economic and financial planning document submitted to the national assembly on July 4, 2021, in preparation for the 2022 State Budget.
According to the General Tax Directorate DGI, the announced ratios are below the 17.2% average in Africa and even worldwide. “It is generally accepted that the ratio of compulsory levies in the national wealth should be at least 25% to be significant and generate a real development,” people claim at the DGI. However, it should be noted that the tax-to-GDP ratio does not include all of the compulsory taxes, just the ones included in the Centra ....

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