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Know Your Tax: Understanding Taxable Profits in Cameroon

Learn how taxable profits are determined for businesses in Cameroon and the impact of international agreements. Get tips for compliance and strategic planning.

Welcome to our “Doing Business in Cameroon” blog, where we help you understand the tax rules that affect businesses in Cameroon. In this #KnowYourTax edition, we’ll explain what taxable profit is and how they work. What is Taxable Profit? Taxable profits are the earnings that a company makes which are subject to tax. In Cameroon, the rules for figuring out these profits are found in Section 5…

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8 Best Business Ideas to Start in Bamenda with Little Capital

8 Best Business Ideas to Start in Bamenda with Little Capital

Bamenda is the regional capital of the North West Region of Cameroon. It’s also the 5th largest city in the country after Douala, Yaounde, Garoua, and Kousseri with a population of 393,835 as of 2021 (See Geonames). The entire North West Region has a population of 1,900,547 (2013) and also ranked as the 5th largest region in Cameroon. The economy of the city is mostly into processing of…

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What Should I Expense? Personal vs Business Expenses

Is it possible for me to deduct personal expenses through my business? #Personal vs #Business #Expenses #OpenHub #Digital #CompanyIncorporation

“Is it possible for me to deduct personal expenses through my business expenses?”

Many small business owners have asked me this question and my answer to them is YES. However, there are certain things that they need to keep in mind. Business expense is something that is reasonable, ordinary and necessary expense incurred when carrying out your trade or professional activity.

Net taxable profit

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The proliferation of corporate titles in Cameroon

The proliferation of corporate titles in Cameroon

In Cameroon, people take on corporate titles with no legally registered business structure. Corporate or business titles have become so common that every self-employed person chooses what title they feel at ease with even when the business is nonexistent.

I have seen CEOs, PDGs, MDs, GMs or what not with no legally registered business. They’re out there in their numbers bearing these titles…

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