Role of tax payment to an economy

Taxes help spur economic growth which in turn has a ripple effect on the country’s economy, raising the standard of living, increasing job creation, and boosting the economy in general amongst others.

According to official sources, tax contributes to over FCFA 89.2 billion of the Cameroon’s national budget. It is up by 1% this year compared to the FCFA 88.2 billion adopted in 2020.To finance that budget, the commission expects nearly FCFA 63 billion