Fact Check, Government

Fact Check: Increase in Tax Revenue in Cameroon

Posted on by Ngufack Ntemgwa
07
Aug

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

  1. 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.
  2. 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.

Other Fact Checks From  Cameroon Check  check (click the hyperlink on Cameroon Check)

Ngufack Ntemgwa

Ngufack Ntemgwa is a dynamic and seasoned professional in the realms of communication, journalism, advertising, and public relations. With a rich tapestry of experience that spans over four years, both within esteemed institutions and as a freelancer, Ngufack has honed her expertise in crafting compelling content strategies tailored for a diverse array of social media platforms. Her role at Cameroon Check is not just a job but a calling, where she meticulously verifies information with an unwavering commitment to truth and accuracy. As a public relations officer, Ngufack’s eloquence and command over public speaking have been showcased at prestigious platforms such as the British High Commission, where her insights have enlightened many. Her dedication to the craft is further exemplified by her fellowship with the African Fact Checking Fellowship, a testament to her prowess in discerning fact from fiction. Beyond her professional endeavors, Ngufack is a fervent advocate for mental health, championing the cause with passion and empathy. Her intellectual curiosity drives her to explore and challenge the entrenched capitalist notions of development, seeking more equitable and sustainable paradigms for societal progress. In summary, Ngufack Ntemgwa is not only a beacon of reliability in her field but also a visionary thinker and a staunch supporter of mental well-being, making her an invaluable asset to any team she is part of. Her track record of success is a reflection of her serious approach to her responsibilities and her innovative spirit in navigating the complex landscape of modern media and public discourse.

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