Social media influencers to begin paying tax in Cameroon
By Nambu Bernadette
Social Media influencers in Cameroon are now obliged to pay taxes in 2024.
This was made known through a circular from the Minister of Finance in the Finance Law of 2024 signed by Minister Paul Motaze.
According to the circular, social media influencers and individuals who derive income through their platforms will now be required to pay taxes.
“It is established at a rate of 5% for the tax on non-commercial profits (BNC), applicable to income generated on digital platforms by individuals who carry out property sale operations, provision of a service or exchange, sharing of a good (collaborative economy)”.
According to the Cameroon government, the increase in taxation is part of its quest for new income sources to curtail its heavy reliance on oil revenue.
In the same finance law, it was stated that visa applicants will be obliged to show a certificate of tax compliance before getting a visa in different diplomatic offices.
