Below is a table outlining the VAT rates in Cameroon:
Category | VAT Rate | Details |
---|---|---|
Standard VAT Rate | 19.25% | Applies to most goods and services, including domestic sales, imports, and services provided within Cameroon. |
Zero-Rated VAT | 0% | Applies to exports and international transport services. |
Exempt from VAT | N/A | Certain goods and services are exempt from VAT, including education, healthcare, and some agricultural products. |
Additional Notes:
- VAT Registration: Businesses with an annual turnover exceeding XAF 50 million are required to register for VAT in Cameroon.
- VAT Filing: VAT returns are typically filed monthly, and businesses must submit them along with the payment to the tax authorities.