BRIEF HISTORY OF AMCs

In order to reduce the expansion of the informal sector, the Government instituted approved management centers through Law No. 96/08 of July 1, 1996 on the Finance Law of the Republic of Cameroon for the 1996/1997 fiscal year. Then, the Government has decided to grant tax advantages to entrepreneurs who decide to come out of the shadows and formalize their businesses while benefiting from a good management framework. This framework aims to reduce the early mortality rate of SMEs and the payment of fair tax.

The pilot AMCs were created in 2010. Aware of the little commitment of entrepreneurs, the Government has extended the list of tax advantages enjoyed by members through Law No. 2015/019 of December 21, 2015 on the Republic's Finance Law of Cameroon for the 2016 financial year.

Aware of the tax pressure suffered by the operators of drinking establishments, the government granted them more tax reductions according to the decree n ° 00002 / MINFI / SG / DGT of January 05, 2017 fixing the list of large companies authorized to apply a reduction of 50% on the basis of calculation of the withholding tax on the purchases of their distributors who are members of the AMC.

In order to promote the digital economy sector, the Government has covered start-ups with a string of tax advantages according to Law No. 2020/018 of December 17, 2020 on the Finance Law of the Republic of Cameroon. for the 2021 fiscal year. This is how some start-ups now have the right to spend up to five (05) and without paying any tax.