The audit and consulting firm Price Waterhouse Coopers (PwC) and the World Bank published their “Paying Taxes 2016” study, which provides information on the average taxation level of companies in Africa.

According to this study published on November 19, where Cameroon holds the 39th rank out of 52 African countries, the taxation level in the country represents 48.8% of the business performance of companies.

The taxation level in Cameroon is higher than the global average on the continent, which peaks at 46.9% of the operational income of companies. This, the study stressed, means that companies established in Africa make an average "36.6 payments per year for taxes and devote 313 hours to comply with tax laws".

In the Cemac area, Cameroon is 3rd behind Gabon and Equatorial Guinea, whose average taxation rates respectively represent 45.7% and 47.1% of the operational income of companies. The African country where companies pay the lowest taxes with relation to their operational income is Lesotho (13.6%).

Lesotho is among the Top 10 with Zambia (18, 6%), Namibia (21,3%), Mauritius (22,4%), Botswana (25,1%), South Africa (28,8%), South Soudan (29%), Seychelles (30,1%), Sierra Leone (31%) and Ethiopia (32,1%).

According to the above-mentioned study, eight countries have an average taxation rate higher than 60% of the operational income of companies.

These are Benin (63,3%), the Gambia (63,3%), Chad (63,5%), Guinea (68,3%), Mauritania (71,3%), Algeria (72,7%), the Central African Republic (73,3%) and Eritrea (83,7%), who brings up the rear.