Page 330 - Atouts-Cameroun-2017
P. 330

330LES ATOUTS ECONOMIQUES DU CAMEROUNFiscal And Custom IncitementFiscal and custom devices rest on equity bet- ween the various tax payers and moderation enabling the State to carry out its economic and social role well.The State is in a simplification and harmonisation process of the fiscal system in order to ensure transparency, fluidity and homogenous clarity for all investors.Fiscal and custom samples are made in respect of rules, practices and close or equivalent proposals to international usage, by ensuring the adaptation, evolution and specificity of the industrial sector.Rights of tax payers are known and must be res- pected by the administration. The State guaran- tees the application of moderate custom rights and adheres to principles of their reduction, within the framework of policies defined by CEMAC, and in conformity with the provisions of the WTO. It reaffirms its disposition to implement economic and suspensive regimes provided by the CEMAC custom code. The following provisions are taken concerning direct and indirect taxes:• Generalised application of value added tax (VAT) and neutral sample for investment and pro- duction of wealth;• The application of null VAT on exports and the reimbursement of that acquitted on investments and exploitation of expenditure of exporting com- panies to guarantee their competitiveness on the international market;• The taking into account of fiscal inciting measures related to various specific codes to investment.• Encouragement through fiscal, specific inciting custom measures to the research and develop- ment sectors, the professional training and the protection of the environment.As concerns stamps and registration, moderate laws are applied to the constitution of compa- nies, to the modification of statutes, increase of capital, fusion-acquisition operations, for remis- sion and to circulation of movable values.OrganisationOf The Financial SystemThe State aims at establishing an adequate finan- cial system due to the development of investment needs and the quest for competitiveness.Cameroon is a member of UMAC; it seeks more coherence and harmony with the demands of an increasingly liberal and integrated economy, implying quasi spontaneous adjustments.To get closer to international norms, the State supports all actions aimed at making BEAC and COBAC efficient for development of investments and companies of all sizes on one hand, and on the other, meet the challenges of the financial crisis.The State favours the development of a safe cul- ture of loan and currency by the putting in place of a loan credit and currency. It also ensures the promotion of SME/SMI notably by:The office of the African Intellectual Property Right Organisation in Yaounde


































































































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