Cameroon's Draft Finance Law for 2015 Presented to Parliament

On 24 November 2014, Cameroon's Prime Minister presented the Draft Finance Law for 2015 to parliament. Key measures of the draft law include:

• A reduction in the corporate tax rate from 35% to 30%
• An increase in the minimum lump-sum tax from 1% to 2%
• The disallowance of input VAT credit refunds if the transactions are conducted in cash
• The introduction of a threshold of 2.5% of taxable profit for the deductibility of royalties
• The introduction of a 2% registration duty on the indirect transfe…