Cameroon: Government increases taxes on alcoholic beverages

The Cameroonian Ministers of Trade and Finance have increased the taxes on alcoholic beverages according to the reform of the specific excise duties contained in the Finance Act of the year 2015. Thus, the amount of additional excise duty resulting from the application of the specific tax system is 75 FCFA for all the beers of 65 cl and 37.5 FCFA for all 33 beers cl, Medafrica reported on February 20.

Also, the government said, “For the implementation of this reform, no other price increment than this resulting from the impact of the tax is permitted.” From February 16th, 2015, date of entry into force of this new taxation specific excise duty, the price of each bottle of beer is expected to increase by 75 FCFA excluding VAT, for large bottles, and 37.5 FCFA at least excluding VAT for small bottles.

25 February, 2015