Hello All,

Some tax and company formation tips that could be of help to you.


Penalties for errors that affect your tax return
https://bit.ly/2RKHeOx

How do I obtain a tax clearance certificate?
https://bit.ly/32Ne9Iu

What is a private company limited by shares?
https://bit.ly/2HgJT0q

What do I have to pay taxes on?
https://bit.ly/3hOcKFY

Are donations or gifts tax-deductible in Cameroon?
https://bit.ly/3mvR70y

Tax payment methods in Cameroon
https://bit.ly/2ZSAp1A

Components of a proper invoice in Cameroon
https://bit.ly/3cjboC2

Can a child own shares in a company?
https://bit.ly/2RLSPN2

...and many more. Don’t hesitate to share with others who may be in need of these tips.

Have a wonderful new week ahead!

#KnowYourTax #CompanyIncorporationCameroon #OpenHubDigital

Filing a #TaxReturn with zero taxes owed after an official notice in #Cameroon carries a fine. Click the link below to see what happens.
#OpenHubDigital #KnowYourTaxes #CompanyIncorporationCameroon
https://openhubdigital.com/failure-to-file-a-tax-return-in-cameroon/

https://openhubdigital.com/some-characteristics-of-a-private-company/
It’s necessary for you to know some #characteristics of a private limited #company if you plan to register one in Cameroon. Follow the link 👆🏾👆🏾
#OpenHubDigital #CompanyIncorporationCameroon #KnowYourTaxes #Cameroon

https://openhubdigital.com/caught-running-an-unregistered-business/
What if you are caught running an unregistered #business in #Cameroon.
See the fines and consequences for carrying an #economic activity in Cameroon prior to #registration.

#OpenHubDigital #CompanyIncorporationCameroon #KnowYourTaxes #incorporation

Year-end Accounting - Record All Business Expenses
Whether your business is established or you’re just beginning, tracking your business expense is a necessity.
When tracking your expenses, make sure you separate business expenses from personal expenses.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#FastTrackExcel

https://bit.ly/3ttQbOL

Compliance and legal requirements to register a company in Cameroon
Are you ready to start a business in Cameroon? I be sharing with you today the compliance and legal requirements to register a company in Cameroon.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#businesscreationinCameroon #businessincorporation

https://bit.ly/3INV6An

The taxable income as well as the income tax in Cameroon are determined based on the income from the preceding year. For example, the income earned during the 2021 financial year will be taxed in 2022.

In the above case, the year of assessment for 2021 financial year is in 2022 and the taxable period is 2021.

https://bit.ly/3pDlV2K

Year-end Accounting - Put together necessary paperwork
Most business owners juggle their year-end accounting procedures with the heavy sales and traffic they receive during the end of the year.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#DSF #StatisticalandTaxReturns #STR #yearendaccount

https://bit.ly/3HLowh8

Start preparing for your year-end accounts
As a small business, closing out the fiscal year may help you prepare better for the next one by going through relevant company data to understand the financial state of your business.

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#accouting #STR

https://bit.ly/2U69Jrb

Get Your Company Registered in 7 Days in Cameroon
Get your company registered in Cameroon with us. Start up friendly, satisfied clients, deadline never missed!

OpenHub Consulting Ltd
Call +237 699 421 947
| Company Incorporation | Business License
| Management & Accounting Services | Content Marketing

#BusinessinCameroon #businessincorporation #businesslicense #BusinessRegistration #Cameroon #companyincorporatio

https://bit.ly/36WoJ4l

Photo from OpenHub Consulting Limited

Develop your kids' team-building and communication skills by enrolling them in *3ConeX HolidayCode*.
July 4, 2022 - August 5, 2022
Age: 7 - 17
Location: *3ConeX WorkSpace*, Behind Santa Lucia, #Bonamoussadi - #Douala
NB: Laptops available for each child
*#coding4kids*

A Sanitary Surprise

Last month, one of our clients, hit with an unexpected fee when he opened the doors of his business’ new location in Boanberi - the Hygiene and Sanitation Tax levied by councils in Cameroon!

Worried, he sent me a message including the notice from the council. This is something he wasn’t expecting, since he has always been paying his taxes regulary.

Do not be surprised when such happens to you. It’s a tax that exists and is found in the General Tax Code for Cameroon.

While keeping facilities spic-and-span is important, this tax is one regulation even clean owners may miss. Rates vary for food shops and industrial buildings.

Failure to pay this tax can result in a hefty fine, so be sure your biz is fully briefed. Check:

Check applicable sanitation tax rates
Review penalty for violation
An unsanitary surprise is no way to run a business. Stay informed on regulations to avoid any cleaning up at tax time. For more on Cameroon's Hygiene and Sanitation Tax, see the link in the comment section.

#HygieneandSanitationTax #SmallBusiness #CameroonBusiness #TaxCompliance #ShopHygiene #FoodSafety
https://openhubdigital.com/hygiene-and-sanitation-tax-in-cameroon/