Concerning the assessment of the present tax, tax payers are expected to submit a declaration of revenue derived from their business venturing during the period serving as tax base on or before March 15. This declaration must be presented in conformity with the OHADA accounting system.
Liable tax payers must also furnish the documents established in conformity with the OHADA accounting scheme.
The declaration referred to in section 17 (1) of the tax code must be accompanied by the Employee information document (DIPE) which must be presented following the model provided by the administration.
Companies shall equally communicate within the same period, all movements in their stock for the given exercise alongside the software used for the management of their stock. For those who keep computerized accounts, the movements in the stock should be produced in an electronic format.
- These obligations shall equally be applicable to corporate bodies who have not opted for the company tax or who are exempted from the said tax.
Public limited companies shall equally keep a register of the securities they issue. The register is kept and updated by each company or person designated to that effect.
The register numbered and initialed by the court registry where the company is located shall contain the following information:
- Transactions relating to the transfer, conversion, pledging and sequestration of securities;
- Date of transaction;
- Surnames, given names and residence of the former and new holder of securities, in the case of transfer;
- Surnames, given names and residence of holder of securities, in the case of conversion of securities to bearer of registered securities.
- In the case of transfer, the name of the former holder of the securities may be replaced by a serial number that helps to locate this name in registers. All information contained in the registers must be signed by the legal representative of the company or his delegated person.
- In case a commercial company issue securities to the holder, the former is bound to the obligations provided for in the OHADA accounting schemes relating to the rights of commercial companies and economic interest groups.
Enterprises fallingunder the entity responsible for the management of large-scale enterprises that are controlled by or which control other undertakings within the meaning of section 19a of the tax code shall be required to make an annual return on transfer pricing by electronic means, in accordance with the model established by the administration, within the period provided for in section 18 of the tax Code.
- The declaration referred to in the preceding subsection shall include notably:
- General information on the group of associated enterprises, including:
- A statement of their holdings in other Cameroonian or foreign companies;
- A general description of the activities carried out, including changes in the course of the financial year;
- General description of the group’s transfer pricing policy;
- A list of the intangible assets held by the group and used by the reporting enterprise, as well as the corporate name of the company that owns the assets and it’s state or territory of residence for tax purposes;
- Specific information concerning the reporting enterprise, including:
- A description of the activity carried out, including the changes made in the course of the financial year;
- A summary statement of transactions with affiliated enterprises within the meaning of sect 19a of the tax code. This statement shall include the nature and the amount of the transactions, the corporate name and state or territory of residence of the affiliated undertakings concerned by the transactions and the beneficial owners of the related payments for tax purposes, the transfer pricing method applied and the changes made in the course of the financial year;
- A statement of loans and borrowings contracted with affiliated enterprises within the meaning of section 19a of the tax code.
- A summary statement of transactions carried out with affiliated enterprises within the meaning of sect 19a of the tax code without a counterpart contribution or with a non-monetary counterpart contribution;
- A summary statement of transactions carried out with affiliated enterprises within the meaning of section 19a of the tax Code, which are the subject of a prior transfer pricing agreement or a tax rescript concluded between the associated enterprises concerned by the transaction and the tax authorities of another state or territory.
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