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6.3. Depreciation and Amortization

When calculating Cameroon taxable income, assets owned by an enterprise are normally depreciated over their normal useful using the straight-line depreciation method.

The following outline the rates for different assets types:

Commercial and industrial buildings sheds 5%  
Furniture, fittings, and other equipment   10%    
Data processing equipment   25%    
Reproduction equipment   33 1/3%

Effective 1 January 2020, it is clarified that depreciation deferred regularly during a deficit period is required to be charged from the first surplus year and may not be allowed beyond a period of 10 years.

Effective 1 January 2022, a tax regime is introduced to neutralize the tax consequences of the free revaluation of a company's fixed assets. Companies that carry out such revaluation in accordance with the provisions of the OHADA Uniform Act may reinstate the revaluation variance equally over a period of 5 years. This measure is only available for ongoing revaluation operations up to 31 December 2022.

COVID-19 Emergency Measures

Cameroon has allowed companies directly affected by the COVID-19 pandemic to carry forward depreciation of the financial year 2021 for one additional year.