Business in Cameroon | Cameroonian General Tax Directorate (DGI) is pursuing the first phase of modernization of its information system. In need to support this reform, the government plans to secure an investment by the German Development Bank (KFW).
First step has seen President Paul Biya sign last December 10 a decree authorizing the Minister of Economy to sign a loan agreement with KFW and a separate agreement for a total of €15 million euros, about XAF9.8 billion.
This KFW financing will help the tax office to gradually extend online tax report to the Tax Centers for Medium-sized Enterprises (CIME). Further, the “Mobile Tax” system will be better developed for the payment of other levies that are currently paid in cash. DGI hopes all these moves will make it possible to manage tax indiscipline risks more effectively.