Introduction to Cameroonian Tax Law Flashcards
1
Q
What is a tax?
A
It is a fee that is imposed on people and corporations, and enforced by a government agency, in order to fund government/state spending.
2
Q
Why are taxes imposed on the Citizens of a country?
A
- To fund the administration and defense of the state, and provide public amenities and services.
- To reduce inequalities in the income of citizens.
- To regulate the consumption of dangerous good s and services
- To distribute labour from one sector to another
3
Q
What are the types of tax that exist?
A
- Direct tax
- Indirect tax
4
Q
What is a direct tax?
A
It is a tax imposed on the income of wage earners in Cameroon.
5
Q
What is an indirect tax?
A
It is a tax imposed on the consumption of goods and services and is paid any time one consumes/purchases said goods and services.
