Officials discuss issues surrounding the collection of VAT

Customs and tax Officials gathered to reflect on an effective strategy during a seminar opened Monday, October 12, 2015 in Yaoundé.

Among the budgetary resources to cover public burdens and thus strengthen the budgetary revenues of a State, there is the value-added tax (VAT). Thus, the Director General of taxes, Modeste Mopa Fatoing, situated it between 35 and 40% of the performance of budgetary tax of Cameroon.

For a duration of three days, this seminar will help set the Foundation for a system of collaboration between the two institutions concerned based on a principle of balance and monitoring of trade in order to ensure efficiency and durability.

As such, this meeting is designed to circumnavigate the issues and problems related to the collection of VAT, in the light of European devices and Cameroon customs-tax cooperation and VAT control.

According to the Secretary-General of Credaf "the meeting will be an opportunity to appropriate help to participants to better understand the administrative realities inherent in each member country’s needs and see how to improve the institutional framework of the collaboration between the two institutions concerned for the control of VAT".