The Act of Finance of the Republic of Cameroon for the year 2015 promulgated on 23rd December by the President of the Republic comes into force from January 1, 2015.

From this date, as provided for in the text, the corporate income tax rate falls to 30% compared to 35% in the year 2014. This is one of the new provisions of the Act tax 2015, adopted to primarily focus on the improvement of the business climate.

The budget of the State for fiscal year 2015 is balanced in revenue and expenditure to the sum of 3,746.6 billion, against F 3,312 billion in 2014; an increase of 434.6 billion in absolute terms and 13.12% in relative value.

It sits on a forecast of growth of the gross domestic product (GDP) of 6.3%, an inflation rate of about 3% and a net increase in budgetary revenues due to the entry into force of the law N ° 004 of April 18, 2013, establishing incentives to the private investment in Republic of Cameroon.

If the Government chooses to focus its fiscal policy on the improvement of the business climate, it is to consolidate the economic recovery. Thus, it is necessary to understand the new executable tax provisions as early as January.

Companies will now have to pay a deposit representing 2% (versus 1% in 2014) of the turnover achieved during each month, the 15th of the month following the later.

Deposit increased by 10 per cent in the communal surcharges. Which also changes in January with the new finance law, it is the extension of the period for information of the taxpayer from 8 to 15 days, as specified in article L13 (1) of the text and the introduction of the electronic tracking of business VAT invoices, monitoring by the IRS under the conditions specified by the Minister in charge of finance.

The year 2015 will be the third year of experimentation of the budget programme (in accordance with the provisions of the law N ° 2007/006 of December 26, 2007 on the financial system of the State), essentially sitting on a mechanism based on authorizations of commitment over three years, declined in annual payment appropriations.

As stated by the Prime Minister, Head of Government to the Parliament during the presentation of the economic, financial, social and Cultural Programme: "the vast majority of the actions contained in the law of finance 2015 aims at the completion of the first three-year cycle of the budget programme, namely the period from 2013-2015, and the consolidation of essential priority choice to lead Cameroon to its emergence."

A place of choice was again given to investments in 2015. This translates into the envelope to these expenditures, amounting to 1 150 F billion, compared with 1 trillion in 2014. Operating expenses 2,159.9 billion f are an increase of 150.7 billion from 2014.