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Cameroon – Taxes: Les Brasseries du Cameroun pays more than 300 billion FCFA in taxes per year

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Written by Deckson N.

The company is the third largest contributor in tax revenues in Cameroon.

Our desire to accompany the state to assume its missions is a daily manifestation of our citizenship. This is the expression of the commitment of the Castel group which has invested over CFAF 162 billion over the past five years in order to modernize its facilities, increase its production capacities and improve the working conditions of its staff ” said the public limited company SABC.

According to l’Économie published on December 1, 2016, the company and its subsidiaries are the third largest contributor in the tax revenues of the Cameroonian state, after the Société Nationale de Raffinerie (SONARA) and the Société Nationale des Hydrocarbures (SNH). They pay more than 300 billion CFA francs of taxes to the public treasury.

For example, “on a bottle of Castel 65cl sold at 600 FCFA, TTC to a loyal consumer, it is a total of 291 FCFA of taxes and various taxes (VAT, excise duties, PSA, Taxes on companies, Customs, etc.) that are collected and which go directly to the state coffers and the administration in general, or 49% of the recommended selling price “, one reads.

Today, despite the threats to its activity due to smuggling with the massive entry of drinks on the territory and fraudulently, “SABC is committed to go even further to refresh life Populations and create more new sensations “.

SABC is counting on the continued support of the Government to help it achieve this goal that we hold dear. The Ministry of Finance, through the Directorate-General of Customs, has demonstrated its determination to intensify and systematize the application of measures to promote economic growth through the project “HALCOMI” (Stop Illicit Trade) Fight against smuggling and counterfeiting.

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Deckson N.