Innovations in the 2024 Finance Law of Cameroon
The recently enacted Law N° 2023/019, dated December 19, 2023, marks a significant turning point in the financial landscape of Cameroon. As the cornerstone of the 2024 fiscal year, this Finance Law, promulgated by the President of the Republic, brings about critical modifications to the General Tax Code, reflecting the nation’s evolving economic priorities and […]
Fintech – Simplified procedure to recover erroneously transferred funds through payment service providers
In an ongoing commitment to safeguard consumers of payment services, foster trust in the use of payment accounts, and facilitate real-time instant transfers, the Central Bank of CEMAC Member States (Cameroon, Chad, Equatorial Guinea, Gabon, the Central African Republic, and the Republic of the Congo), has recently issued a Circular Letter outlining the process of […]
Corporate Compliance: A Comprehensive Guide to Ultimate Beneficial Owner Compliance in Cameroon
In a decisive stride towards enhancing transparency and accountability, the 2023 Finance Law of Cameroon introduced a comprehensive framework imposing clear obligations on the beneficial owners of legal entities operating within the country, regardless of their corporate or personal income tax status. This framework encompasses three key aspects: 1. Identification of Ultimate Beneficial Owners Representatives […]
Tracker of Virtual Assets Regulation Within The CEMAC Zone
The recently published report on payment services by the Central Bank of CEMAC Member States demonstrates the awareness of the Central Bank of the growing appeal of cryptocurrencies among the population. However, it is impossible at the moment to reliably quantify this phenomenon. The report clearly states that Crypto-assets are freely sold or exchanged among […]
Illuminating the Legal Landscape: The Law 2.0 Conference – Las Vegas
From July 10th to 12th, 2023, Epanty MBANDA, our Managing Partner, actively participated in the Law 2.0 conference held in Las Vegas, USA. The Law 2.0 Conference is one of the biggest in-person events that attracts and brings luminaries of the legal world on a global stage. Epanty MBANDA offered a presentation on that topic: “The […]
LNI Business Meetings in Barcelona – Spain
Epanty MBANDA, Managing Partner of 4M Legal & Tax, a leading Cameroonian law firm renowned for its expertise in corporate, commercial, and tax matters, actively participated in the Legal Network International (LNI) business meeting held in Barcelona, Spain, from October 19th to 22nd, 2023. This prestigious event, hosted by Toda & Nel-lo, a distinguished independent […]
ILN Business Meetings in Prague – Czech Republic
From October 5th to 8th, 2023, Epanty MBANDA, our Managing Partner, actively participated in the International Lawyers Network (ILN) conference held in Prague, Czech Republic. Hosted by PETERKA & PARTNERS, a prominent full-service law firm in Central and Eastern Europe, the event served as a valuable platform for showcasing our firm’s capabilities. Epanty MBANDA presented […]
Mobile Money: A Robust Catalyst for Financial Inclusion in CEMAC
The recently released 2022 report on payment services by the CEMAC Central Bank highlights the pivotal role of mobile money in driving financial inclusion, digitizing payments, and developing African economies. Mobile money accounts for an impressive 98% of all opened payment accounts in the CEMAC zone, demonstrating its dominant position in the financial landscape. During […]
Tax Law | Treaty to Eliminate Double Taxation on Income: Cameroon – China
Cameroon and China signed a groundbreaking tax treaty on October 17, 2023, in Beijing, to deepen economic ties. Signed by Cameroon’s Finance Minister on behalf of President Paul BIYA, the treaty aims to eliminate double taxation on income, creating a more predictable tax environment for businesses and individuals. It also seeks to crack down on […]
Online Protection of Children: Cameroon’s New Law Ensures Safe Internet Usage
With the rapid penetration of the internet in Cameroon, coupled with ease of its access by every segment of the population, it became paramount to consider the safety of children as they navigate the internet space. With this concern in mind, the Cameroonian legislators voted for, and the President of the Republic enacted Law no […]