Tax Directorate exceeds Q1 2023 target by FCFA57bn

The Cameroonian tax directorate (DGI) announced it has collected a total of FCFA818.5 billion over the first three months of 2023, up from the initial target of FCFA761.5 billion. This makes a collection rate of 107.5%. Compared to the same period last year, this performance is also up FCFA104.1 billion (+14.6%). In detail, FCFA694.6 billion was collected from the central government, FCFA90.6 billion from decentralised local authorities, and FCFA33.3 billion were oil tax revenue. If this good impetus is maintained throughout the year, the DGI is likely to exceed its annual target of FCFA2,800 billion. “The good performance (over the…