Page 15 - Nexia SAB&T Africa Overview 2025

Cameroon (GMT +1)

General:
▪ Capital City: Yaoundé
▪ Official Language: English and French
▪ Currency: Central African CFA Franc (XAF)
▪ Main Exports: Petroleum, cocoa, coffee, cotton, aluminium
▪ Surface Area: 475.4 sq. km (thousands)
▪ Population: 29,8 million (2025,est)
Key Economic Indicators:
▪ GDP: $56,01 billion (2025) / GDP Growth Rate: 4.3% (2024)
▪ CPI Inflation Rate (annual): 3.4% (2025)
▪ Sovereign Credit Ratings: Moody’s: Caa1, S&P: B-,
Fitch: B (High to Very High Credit Risk)
▪ Indicator of Economic Freedom Score: 52.1/100 (2025): Mostly Unfree
Exchange Controls:
▪ Exist
Basis of Taxation: (Tax Year End: 31 December)
▪ Residents: Worldwide income
▪ Non-residents: Cameroon-source income
Tax Rates:
▪ Individuals: Progressive rates to 38.5%
▪ Companies: 30% (33% effective with surcharge)
▪ Inheritance and Donations Taxes: Taxable at varying rates
▪ VAT: 19.25%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Varying rates apply
▪ Double Taxation Agreements: Canada, France, Switzerland, Tunisia and UDEAC
Useful links:
▪ Bank of Central African States https://www.beac.int
▪ CIPA (Investment Promotion Agency) https://www.prc.cm
▪ Directorate of General Taxation http://www.impots.cm
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