Claim: Between 2010 and 2023, the tax revenue collected in Cameroon increased from CFA 855.6 billion to CFA 2,622 billion.
Verdict: Verified! Between 2010 and 2023, Cameroon’s tax revenue increased significantly from CFA 855.6 billion to CFA 2,622 billion. This increase is attributed to several factors, including the modernization and digitalization of the tax administration, which has made tax payments more accessible and secure. Additionally, the introduction of new taxes and improved compliance measures have also played a crucial role.
Findings
- Tax Revenue Growth:
- In 2010, Cameroon’s tax revenue was CFA 855.6 billion. By 2023, this figure had risen to CFA 2,622 billion. This represents a significant increase in tax revenue over the 13-year period.
- Factors Contributing to the Increase:
- Modernization of Tax Administration: The introduction of digital systems and online platforms has streamlined tax collection processes, reducing evasion and increasing compliance.
- Economic Growth: Economic expansion and diversification have led to higher taxable incomes and corporate profits.
- Policy Reforms: Implementation of new tax policies and reforms aimed at broadening the tax base and improving efficiency.
Verification
The figures in the claim align with official reports from Cameroon’s Ministry of Finance and other credible sources. The increase is consistent with trends observed in other developing economies that have undergone similar modernization efforts.
Conclusion
The claim that Cameroon’s tax revenue increased from CFA 855.6 billion in 2010 to CFA 2,622 billion in 2023 is accurate. This growth can be attributed to a combination of administrative modernization, economic growth, and policy reforms.
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