Cameroon Tax Tables 2024 - Tax Rates and Thresholds in Cameroon
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This page contains the tax table information used for the calculation of tax and payroll deductions in Cameroon in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ CM, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Cameroon or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Cameroon Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Cameroon are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Cameroon Tax Calculator 2024.
Cameroon Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 11% | Income from ₣ 0.000.00 | to | ₣ 2,000,000.00 |
| 16.5% | Income from ₣ 2,000,000.01 | to | ₣ 3,000,000.00 |
| 27.5% | Income from ₣ 3,000,000.01 | to | ₣ 5,000,000.00 |
| 38.5% | Income from ₣ 5,000,000.01 | | and above |
Cameroon Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 11% | Income from ₣ 0.000.00 | to | ₣ 2,000,000.00 |
| 16.5% | Income from ₣ 2,000,000.01 | to | ₣ 3,000,000.00 |
| 27.5% | Income from ₣ 3,000,000.01 | to | ₣ 5,000,000.00 |
| 38.5% | Income from ₣ 5,000,000.01 | | and above |
In Cameroon, social security deductions made by employees are generally not deductible when calculating taxable income. This means that the contributions towards social security programs, such as pension and health insurance, are not subtracted from the gross income of individuals for the purpose of income tax calculation. Consequently, these deductions do not reduce the taxable income and thus do not impact the overall income tax liability of employees in Cameroon.
Cameroon Social Security and Payroll Deduction Rates in 2024
In Cameroon, the social security system involves contributions from both employees and employers. These contributions are directed towards various social security programs aimed at providing benefits and support to workers and their families.
Cameroon Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Housing Loan Fund | 1% | 1.5% | 2.5% |
| National Employment Fund (NEF) | 0% | 1% | 1% |
| Family Allowances | 0% | 7% | 7% |
| Pension and Disability | 4.2% | 4.2% | 8.4% |
| Work Related Accident and Sickness | 0% | 5% | 5% |
Cameroon Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Housing Loan Fund | n/a | n/a | n/a | n/a |
| National Employment Fund (NEF) | n/a | n/a | n/a | n/a |
| Family Allowances | n/a | n/a | n/a | ₣ 9,000,000.00 |
| Pension and Disability | n/a | ₣ 9,000,000.00 | n/a | ₣ 9,000,000.00 |
| Work Related Accident and Sickness | n/a | n/a | n/a | ₣ 9,000,000.00 |
Pension Fund Contributions
One of the primary components of the social security system in Cameroon is the pension fund. Contributions to this fund are used to provide retirement benefits to employees, ensuring financial support for them in their post-working years.
Health Insurance Contributions
Health insurance contributions are another critical element of the social security system. These contributions fund the healthcare system in Cameroon, providing medical coverage and services to employees and their dependents.
Family Benefits
Family benefits, funded through social security contributions, support employees with families. These benefits can include financial assistance for childcare, education, and other family-related needs.
Employment Injury Insurance
Employment injury insurance is also financed through payroll deductions. This insurance provides coverage for employees who suffer work-related injuries or illnesses, covering medical treatment and offering financial support during recovery periods.
The social security and payroll deduction system in Cameroon plays a crucial role in supporting the workforce, enhancing the welfare of employees and their families, and contributing to the overall economic stability of the country.
Cameroon VAT Rates in 2024
VAT rates for Cameroon are reviewed annually, you can use the VAT Calculator to calculate VAT due in Cameroon or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Cameroon VAT Rates| VAT Rate | VAT Description |
|---|
| 19.25% | Standard Rate |
Historic Tax Tables supported for Cameroon
The following tax tables are supported by iCalculator™ CM as part of the suite of free tax tools we provide for Cameroon.