11. What Tax Policy In Cameroon After 2020?
- Author:
- William Hermann ARREY
- Publication Date:
- 12-2020
- Content Type:
- Policy Brief
- Institution:
- The Nkafu Policy Institute
- Abstract:
- The COVID-19 pandemic has imposed unprecedented negative consequences on the Cameroonian economy. To reduce the spread of the virus, the government imposed a range of measures such as social distancing and border closures to protect its citizens. While the social costs leave little to be desired, the pandemic equally took a toll on a majority of sectors across the economy, impacting wages, consumer spending, and profitability for businesses. This fiscal policy letter analyzes the amended budget, delving into aspects related to the Covid-19 pandemic, as well as the structural factors that could determine the viability and sustainability of public finances in the coming decades. The first article looks at the implications of the pandemic for domestic revenue tax mobilization with the aim of improving the personal income and non-oil tax in the business sector. It recommends that the government consolidates public sector spending, reduces taxes on businesses in the non-oil sector, and suspend tax payments on businesses as the pandemic abates.
- Topic:
- Economics, Tax Systems, Fiscal Policy, Consumerism, and Wage Growth
- Political Geography:
- Cameroon