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14.5. Interest and Penalties

Delay in payment of minimum tax attracts a penalty of 50% of the amount of tax.

Delay in filing of tax returns attracts a penalty of XAF 200,000 per month of delay, subject to a maximum of 75% of the tax due.

Understatement of the tax liability attracts a penalty of 50% (where the amount is 10% higher than taxpayer’s profits) and can be up to 100% in case of bad faith.