Legal Compliance: According to Cameroon tax laws and the OHADA framework, businesses must file accurate monthly tax declarations to avoid penalties, fines, and legal sanctions.
Avoid Penalties: Late or inaccurate submissions can lead to significant financial penalties and interest charges.
Financial Health: Proper tax reporting ensures that your business maintains a good standing with the tax authorities and avoids future complications.
Monthly tax declarations involve the preparation and submission of various tax returns that your business is legally required to file. These include:
Value-Added Tax (TVA)
Withholding Taxes (on salaries, services, etc.)
Corporate Income Tax (CIT) Advances
Other Applicable Taxes
Data Collection:
We gather all necessary financial information, including sales invoices, purchase receipts, payroll data, and expense reports.
Calculation of Taxes:
Our experts calculate your taxes accurately, ensuring every deduction and credit is accounted for.
Preparation of Declarations:
We prepare and complete the required forms for monthly declarations (TVA, withholding tax, etc.).
Submission and Follow-Up:
We file your declarations with the tax authorities and provide confirmation. We also handle any follow-up inquiries.
Compliance Check:
We ensure all filings meet current legal requirements and deadlines.
Compliance Assurance: Ensure your business complies with all applicable tax regulations.
Error Detection: Identify and correct discrepancies before they become larger issues.
Risk Management: Reduce the risk of fines or penalties during an official audit.
A Tax Audit involves an in-depth review of your company’s financial records to ensure your tax filings are accurate and compliant with Cameroon tax laws. This can be initiated internally or externally by tax authorities.
Review of Records:
We perform a thorough examination of your financial documents and tax returns.
Compliance Check:
We identify areas of non-compliance or potential risks.
Recommendations:
Provide actionable advice to rectify issues and improve compliance.
Support and Follow-Up:
We guide you through any necessary corrections and assist with communications with tax authorities.
Initial Assessment:
We evaluate your current tax compliance practices.
Risk Identification:
Identify areas prone to errors or non-compliance.
Recommendations and Training:
Offer practical solutions and training to mitigate risks.
Follow-Up:
Periodic checks to ensure ongoing compliance.
A Preventive Tax Audit is a proactive review of your tax processes and filings to identify potential issues before they attract the attention of tax authorities.
Stay Ahead: Resolve issues before they become problems during an official audit.
Confidence: Maintain peace of mind knowing your tax filings are accurate and compliant.
Compliance Culture: Foster a culture of tax compliance within your organization.
Tax Control refers to the process of responding to an official tax inspection initiated by the tax authorities to verify your compliance with tax laws.
Compliance: Ensures your company meets tax obligations.
Minimize Risk: Reduces potential penalties from non-compliance.
Preparedness: Being prepared helps maintain your business reputation and avoids operational disruptions.
Tax Verification is an official review of your financial records to confirm the accuracy of your tax filings.
Documentation Preparation: Ensure all records are in order.
Liaison with Authorities: Represent your company during the verification process.
Resolution and Strategy: Assist in resolving any disputes or discrepancies.
Expert Representation: Skilled professionals to defend your interests.
Peace of Mind: Navigate verifications confidently.
Compliance Focus: Ensure your business stays compliant with the law.