Customs reforms boost national tax take
China Daily | Updated: 2012-09-25 08:06
The transformation of Cameroon's tax system is not just limited to the evaluation and collection of personal, commercial and sales tax, with the hard work of the republic's Customs agency also generating substantial revenues for the government.
Thanks to a series of bold reforms and a judicious collaboration with its various partners, the performances achieved over the past three years by Cameroonian Customs have exceeded all initial expectations and revenue targets.
In 2004, Customs revenues totaled only CFA 324 billion, but by 2010 that figure had risen to CFA 503.5 billion. Agency chiefs say this outstanding performance is due to a number of measures that have been undertaken by Customs agents.
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