ORIGIN OF AMC

The AMCs were born in France by the Law on the Orientation of Commerce and Crafts of December 27, 1973, known as the “Royer Law” and by the Finance Law of December 24, 1974. One might think that it is called “Law Royer ”because the verb“ royer ”means:“
To dig furrows in a meadow so that it absorbs more water or to activate its drainage ”. It is true that one could consider this as a sort of parable about AMCs but it is because Jean Royer, Minister of Trade and Handicrafts was at the initiative of this Law. Its aim was to save the small business.
AMCs have been established in several African countries like Morocco, Mali, Senegal, etc. They were established in Cameroon by the Finance Law for the 1996/1997 fiscal year. In its twelfth article, this Law was very restricted as regards the members and the advantages which were to be granted to them. It provided that: "Members of
management centers benefit from an allowance on their declared profits subject to a real tax regime. This allowance is set at 10% of the profit without it being able to exceed 5 million CFA francs ". Subsequently, it was necessary to wait for the modalities of application of these provisions which were to be fixed by regulation. On January 6, 2000, the Prime Minister signed the Decree on the organization of AMCs and fixing the tax advantages for members of AMCs. March 29, 2007 was a decisive date because on that same day, changes were made to the organization of the CGAs and the terms of application of these provisions finally came into being. From now on, only PEs with a turnover of between fifteen (15) and two hundred and fifty (250) million CFA francs could have the privilege of joining a CGA.
The Finance Law for the 2011 financial year and the Prime Minister's Decree of May 12, 2011 allowed very small businesses who were previously excluded to also have the right to benefit from the advantages offered by this support framework. On the other hand, PEs with a turnover of more than 100 million F CFA were excluded. These changes and many others allowed AMC members to be entitled to several tax benefits such as a reduction in declared profit from 10% to 25% and 50%. The Cameroon Chamber of Commerce, Industry, Mines and Handicrafts (CCIMA) was the first to obtain approval on March 09, 2009 to exercise as a CGA.