THE GENERAL TAX CODE - impots.cm

1 THE GENERAL TAX CODE Edited on the 1st of January 2021 Official Edition Directorate GENERAL of Taxation WebSite : Toll free number : 82 00 GENERAL Tax Code 2021 Official Edition - II GENERAL Tax Code 2021 Official Edition - III CONTENTS INTRODUCTORY PROVISIONS GENERAL PROVISIONS .. 1 BOOK ONE: TAXES AND DUTIES .. 3 PART I DIRECT TAXES .. 5 CHAPTER I: COMPANY TAX: .. 5 DIVISION I: GENERALITIES .. 5 DIVISION II: SCOPE OF APPLICATION .. 5 DIVISION III: TAXABLE PROFITS .. 7 DIVISION IV: PLACE OF ASSESSMENT .. 19 DIVISION V: PERIOD OF ASSESSMENT .. 19 DIVISION VI: CALCULATION OF TAX: .. 19 DIVISION VII: OBLIGATIONS OF TAXPAYERS .. 20 DIVISION VIII: ASSESSMENT .. 22 DIVISION IX: PAYMENT .. 23 DIVISION X: TAXPAYER S OBLIGATIONS .. 25 CHAPTER II: PERSONAL INCOME TAX .. 26 DIVISION I: GENERAL PROVISIONS .. 26 SUBDIVISION I: PERSONS LIABLE.

2 26 SUBDIVISION II: EXEMPTIONS .. 27 SUBDIVISION III: PLACE OF ASSESSMENT .. 27 DIVISION II: BASIS OF ASSESSMENT OF THE PERSONAL INCOME TAX: .. 28 SUBDIVISION I: SALARIES, WAGES, PENSIONS AND LIFE ANNUITIES .. 28 SUBDIVISION II: INCOME FROM STOCKS AND SHARES .. 29 SUBDIVISION III: INCOME FROM PROPERTY .. 33 SUBDIVISION IV: HANDICRAFT, INDUSTRIAL AND COMMERCIAL PROFITS34 SUBDIVISION V: PROFITS FROM AGRICULTURE .. 35 SUBDIVISION VI: NON-COMMERCIAL PROFITS .. 35 SUBDIVISION VII: PROVISIONS COMMON TO HANDICRAFT, INDUSTRIAL, COMMERCIAL, AGRICULTURAL AND NON-COMMERCIAL PROFITS .. 37 SUBDIVISION VIII: ASSESSMENT BASED ON OUTWARD SIGNS OF ..37 SUBDIVISION IX: ACTS CONSTITUTINGLIABILITY AND LIABILITY FOR PAYMENT .. 40 DIVISION III: TAX 40 DIVISION IV: ACCOUNTING OBLIGATIONS .. 41 DIVISION V: OBLIGATION TO FILE RETURNS .. 41 DIVISION VI: PAYMENT OF TAXES.

3 42 SUBDIVISION I: SALARIES, WAGES, PENSIONS AND LIFE ANNUITY .. 43 SUBDIVISION II: INCOME FROM SECURITIES .. 43 SUBDIVISION III: REAL ESTATE INCOME .. 44 SUBDIVISION IV: HANDICRAFT, INDUSTRIAL, COMMERCIAL, AGRICULTURAL AND NON COMMERCIAL PROFITS .. 44 CHAPTER III: GENERAL AND COMMON PROVISIONS ON COMPANY AND PERSONAL INCOME TAX .. 46 GENERAL Tax Code 2021 Official Edition - IV DIVISION I: ASSESSMENT REGIMES .. 46 DIVISION II: DEPART URE FROM CAMEROON .. 48 DIVISION III: PLACE OF ASSESSMENT .. 48 DIVISION IV: OBLIGATIONS OF BUSINESS OWNERS .. 48 DIVISION V: TAX INCENTIVES .. 49 ANNEX: LIST OF AGRICULTURAL, STOCK BREEDING AND FISHERIES EQUIPMENT EXEMPTED FROM VAT .. 59 PART II: VALUE ADDED TAX AND EXCISE DUTY .. 68 CHAPTER I: SCOPE OF APPLICATION .. 68 DIVISION I: PERSONS LIABLE .. 68 DIVISION II: TAXABLE 68 DIVISION III: EXEMPTIONS .. 70 DIVISION IV: TERRITORIALITY.

4 71 DIVISION V: EXCISE DUTY .. 73 CHAPTER II: METHODS OF CALCULATION .. 73 DIVISION I: ASSESSMENT .. 73 DIVISION II: ACTS CONSTITUTING LIABILITY AND LIABILITY FOR PAYMENT .. 74 DIVISION III: CALCULATION .. 75 CHAPTER III: RULES OF PROCEDURE .. 83 DIVISION I: METHODS OF PAYMENT OF THE TAX: .. 83 DIVISION II: TAXPAYER S OBLIGATIONS .. 86 ANNEX TO PART II: ANNEX I: LIST OF BASIC COMMODITIES EXEMPTED FROM VAT .. 88 ANNEX II: LIST OF PRODUCTS SUBJECT TO EXCISE DUTY .. 93 PART III COUNCIL TAXES .. 97 PART IV: DIVERSES TAXES AND DUTIES .. 97 CHAPTER I: TAX ON GAMES OF CHANCE AND GAMES OF ENTERTAINMENT .. 97 DIVISION I: COMMON PROVISIONS .. 97 DIVISION II: SPECIFIC PROVISIONS FOR CASINOS .. 97 DIVISION III: PROVISIONS GOVERNING GAMES OF ENTERTAINMENT AND SLOT MACHINES .. 98 PART V: SPECIAL TAXES .. 102 CHAPTER I: SPECIAL TAX ON PETROLEUM PRODUCTS.

5 102 CHAPTER II PROVISIONS RELATING TO THE MINING SECTOR .. 104 CHAPTER III: FORESTRY 105 DIVISION I: FELLING. TAX: .. 106 DIVISION II: ANNUAL FORESTRY ROYALTIES .. 106 DIVISION III: EXPORT SURTAX AND FACTORY ADMISSION TAX: .. 107 DIVISION IV: GUARANTEES .. 108 DIVISION V: OTHER DUTIES AND TAXES .. 109 CHAPTER IV: TAX REGIME FOR PUBLIC SERVICE CONCESSIONS .. 110 DIVISION I: GENERAL PROVISIONS .. 110 DIVISION II: REGIME FOR TAXABLE PRODUCTS .. 110 GENERAL Tax Code 2021 Official Edition - V DIVISION III: RULES SPECIFIC TO CHARGES .. 111 CHAPTER V: TAX REGIME FOR INVESTMENTS .. 113 DIVISION I: GENERAL PROVISIONS .. 113 DIVISION II: INDUSTRIAL FREE ZONE AND SPECIAL FREE ZONE REGIME . 113 PART VI REGISTRATION, STAMP DUTY AND TRUSTEESHIP 114 SUB-PART I: HARMONIZED LEGISLATION IN THE CEMAC 114 CHAPTER I: REGISTRATION FEES AND APPLICATION THEREOF .. 114 DIVISION I: GENERAL PROVISIONS.

6 114 DIVISION II: DEPENDENT AND INDEPENDENT PROVISIONS .. 115 DIVISION III: REGISTRATION FEES FOR ORIGINALS KEPT BY THE AUTHORITY OR DELIVERED TO THE PART IES CONCERNED AND OTHER ORIGINALS OR DECLARATIONS .. 115 DIVISION IV: MINIMUM FEES .. 116 DIVISION V: SIMULTANEOUS TRANSFER OF PERSONAL PROPERTY AND REAL ESTATE: SINGLE PRICE .. 116 DIVISION VI: COMMON PROVISIONS .. 116 CHAPTER II: TIME-LIMITS FOR REGISTRATION AND DECLARATION116 CHAPTER III: BASIS OF ASSESSMENT OF PROPORTIONAL, PROGRESSIVE AND DEGRESSIVE FEES .. 118 DIVISION I: LEASES AND 118 DIVISION II: MARRIAGE CONTRACTS .. 118 DIVISION III: CREDITS .. 119 DIVISION IV: LEGACIES .. 119 DIVISION V: JUDGMENTS .. 119 DIVISION VI: RELEASE OF MORTGAGE .. 119 DIVISION VII: CONTRACTS .. 119 DIVISION VIII: 119 DIVISION IX: EXTENSIONS OF TERM .. 120 DIVISION X: RECEIPTS .. 120 DIVISION XI: ANNUITIES.

7 120 DIVISION XII: COMPANIES .. 120 DIVISION XIII: TRANSFER AGAINST PAYMENT OF PERSONAL PROPERTY AND REAL ESTATE .. 120 DIVISION XIV: TRANSFER OF BUSINESSES AND NEW GOODS .. 121 DIVISION XV: TRANSFER INTER VIVOS AND ON DEATH .. 121 DIVISION XVI: DEDUCTION OF DEBTS .. 121 DIVISION XVII: OWNERSHIP WITH AND WITHOUT USUFRUCT .. 122 CHAPTER IV: OFFICES FOR THE REGISTRATION OF INSTRUMENTS AND TRANSFERS .. 123 CHAPTER V: PAYMENT OF FEES AND LIABILITY FOR PAYMENT .. 124 DIVISION I: PAYMENT OF FEES BEFORE REGISTRATION .. 124 DIVISION II: LIABILITY FOR PAYMENT .. 124 DIVISION III: CONTRIBUTION TO PAYMENT .. 125 DIVISION IV: PAYMENT OF FEES IN INSTALMENTS .. 125 CHAPTER VI: PENALTIES .. 127 GENERAL Tax Code 2021 Official Edition - VI DIVISION I: FAILURE TO REGISTER INSTRUMENTS AND DECLARATIONS WITHIN THE PRESCRIBED PERIOD .. 127 DIVISION II: OMISSIONS .. 127 DIVISION III: UNDERESTIMATION.

8 128 DIVISION IV: CONCEALMENT .. 129 DIVISION V: PRE-EMPTION .. 129 DIVISION VI: REMISSION OF PENALTIES .. 129 CHAPTER VII: REFUND OF FEES-PRESCRIPTION .. 129 DIVISION I: REFUND OF FEES .. 129 DIVISION II: PRESCRIPTION .. 130 CHAPTER VIII: INSTRUMENTS TO BE REGISTERED IN 130 CHAPTER IX: INSTRUMENTS REGISTERED FREE OF CHARGE .. 131 CHAPTER X: INSTRUMENTS EXEMPTED FROM REGISTRATION .. 131 CHAPTER XI: DETERMINATION OF FEES .. 133 DIVISION I: PROPORTIONAL FEES .. 133 DIVISION II: FEES ON 135 DIVISION III: DEGRESSIVE FEES .. 135 DIVISION IV: PROGRESSIVE FEES .. 136 DIVISION V: FIXED FEES .. 136 CHAPTER XII: DUTIES OF LAW OFFICIALS, JUDGES, ARBITRATORS, PARTIES AND COLLECTORS AS WELL AS SANCTIONS FOR FAILING .. 137 DIVISION I: INSTRUMENTS IN CONSEQUENCE AND INSTRUMENTS PRODUCED AT LAW .. 137 DIVISION II: LEGAL AID, TRANSMISSION OF ENFORCEABLE DECISION TO THE REVENUE COLLECTOR.

9 142 DIVISION III: RIGHT OF ACCESS .. 142 DIVISION IV: REGISTERS OF NOTARIES, BAILIFFS, REGISTRARS, CLERKS, AUCTIONEERS AND BROKERS .. 143 DIVISION V: PUBLIC SALE OF MOVABLES .. 145 DIVISION VI: SPECIAL DUTIES RELATING TO TRANSMISSION ON DEATH, FORM OF DECLARATIONS .. 147 DIVISION VII: REAL ESTATE: DUTIES OF PURCHASER, NOTARIES AND REGISTRARS OF MORTGAGES AND LANDED PROPERTY .. 147 DIVISION VIII: NOTICE OF DEATH .. 148 DIVISION IX: REGISTERED BONDS ISSUED BY A MEMBER STATE OF THE COMMUNITY AND REGISTERED ORDER SECURITIES HELD BY DECEASED TRANSFER .. 148 DIVISION X: FIRE INSURANCE TAKEN OUT BY DECEASED PERSONS .. 149 DIVISION XI: NOTICE BY INSURERS .. 149 DIVISION XII: OBLIGATIONS OF DEPOSITARIES OR DEBTORS OWING AMOUNTS DUE AS A RESULT OF DEATH .. 150 DIVISION XIII: OBLIGATIONS OF COLLECTORS .. 150 DIVISION XIV: REBATE OR REDUCTION OF FEES AND FINES .. 151 CHAPTER XIII: COLLECTION AND DISPUTES.

10 151 DIVISION I: 151 DIVISION II: PROCEEDINGS BY PART IES AND COURTS .. 152 GENERAL Tax Code 2021 Official Edition - VII CHAPTER XIV: STAMP AND STAMP 152 DIVISION I: GENERAL PROVISIONS .. 152 DIVISION II: STAMP DUTY BASED ON PAPER SIZE .. 153 DIVISION III: STAMP DUTY ON THE ISSUE OF CERTAIN DOCUMENTS AND MISCELLANEOUS ITEMS .. 158 DIVISION IV: STAMP DUTY ENDORSED IN DEBIT .. 161 DIVISION V: GENERAL EXEMPTIONS .. 161 DIVISION VI: MISCELLANEOUS PROVISIONS .. 163 CHAPTER XV: TRUSTEESHIP OF ESTATES IN ABEYANCE AND UNCLAIMED PROPERTY .. 166 DIVISION I: GENERAL PROVISIONS .. 166 DIVISION II: ESTATE IN ABEYANCE .. 168 DIVISION III: MANAGEMENT OF ESTATES IN ABEYANCE AND UNCLAIMED PROPERTY .. 170 DIVISION IV: END OF THE TRUSTEESHIP .. 172 DIVISION V: STAMP DUTY REGISTRATION AND PROCEDURAL EXPENSES 174 SUB-PART II: UNHARMONIZED LEGISLATION IN THE CEMAC ZONE.