DGD ISSUES REMINDER ON CLEARANCE PROCEDURES FOR SOFTWARE AND SIMILAR PRODUCTS

• Posted on 2024-04-02
• Commerce

Software, Royalties, Software Licences, Updates and Usage Rights are subject to the customs clearance procedures set out in Article 2 (6) of the 2018 Finance Law. The Director General of Customs, Mr. Edwin Fongod Nuvaga, issued a formal reminder to this effect in a memo signed on 20 March 2024.

This move was prompted by the failure of some taxpayers to comply with customs clearance formalities, despite the losses this represents for government coffers. Mr. Edwin Fongod... Read more

NEW MEASURES TO DEMATERIALISE CUSTOMS PROCEDURES IN THE CAMCIS SYSTEM AND THEIR IMPACT ON CARGO DWELL TIMES AND COSTS

• Posted on 2024-03-08
• Facilitation

The Directorate General of Customs (DGD) has initiated a series of major reforms aimed at accelerating the dematerialisation of procedures, with a view to reduce cargo dwell times at Cameroon's ports and secure customs revenues. These new measures include:

· The dematerialisation of the filing and payment of registration and stamp duties on the sale of used vehicles:

Pursuant to Ministerial Order No.0001/MINFI/DGI/DEPRF of 2 January 2024, the Minister of Finance... Read more

ECONOMY : CAMEROON - EUROPEAN UNION BUSINESS WEEK

• Posted on 2024-01-25
• Commerce

The European Union delegation in Cameroon is organising a "Business week" dubbed Cameroon-EU Business week on the theme "Seizing investment and business opportunities in Cameroon".

The event, taking place from 20 to 22 February at the Yaoundé Conference Centre in the form of a forum, aims to highlight investment and business opportunities in Cameroon for European and Cameroonian investors.

The specific objectives... Read more

Commissioning of a cassava processing plant

• Posted on 2024-01-24
• Investissement

A cassava processing plant was officially inaugurated on 12 January 2024 at Ngoulemakong in the Centre region by Mr. Gabriel Mbairobe, Minister of Agriculture and Rural Development (MINADER), in line with the implementation of the import-substitution policy. Speaking at the ceremony, Mr. Gabriel Mbairobe announced that the Ngoulemakong plant is the first in a series of eight plants to be constructed across the country in 2024.

The Ngoulemakong factory is owned by Société... Read more