Cameroon is a country located in Central Africa with a tax system that is regulated by the General Tax Code. The tax system is divided into two main categories: personal income tax and corporate income tax.

Personal income tax is levied on all individuals who earn income in Cameroon, whether they are residents or non-residents. The tax rate is progressive, ranging from 10% to 35%, depending on the income level. The first XAF 2 million of annual income is exempt from taxation, and there are various deductions and credits available to reduce the tax liability.

Corporate income tax is levied on all businesses operating in Cameroon. The standard corporate tax rate is 30% on the net taxable income. However, there are various tax incentives available for certain industries and activities, such as those related to research and development, job creation, and investments in certain regions of the country.

In addition to federal taxes, there are also other taxes levied on businesses operating in Cameroon, such as the value-added tax (VAT), which is currently 19.25%, and various excise taxes on certain products.

The tax year in Cameroon runs from January 1st to December 31st. The deadline for filing personal income tax returns and paying any outstanding tax is usually March 15th of the following year, while the deadline for filing corporate tax returns and paying any outstanding tax is generally March 31st of the following year.

Payments can be made online or in person at designated banks. Penalties for late payment or non-payment of taxes can range from fines to imprisonment, depending on the severity of the offense. Additionally, interest may be charged on any outstanding tax liability.

Overall, taxation in Cameroon is relatively complex, with a moderate tax burden compared to other countries in the region. It is important for taxpayers to consult with local tax advisors or government authorities to ensure compliance with the relevant tax regulations.