Cameroon Expects $33 Million From Cocoa Export Tax Revenue in 2023

MarketWatch | YAOUNDE, Cameroon–Cameroon expects to receive at least 20 billion CFA francs ($33 million) through the taxing of cocoa bean exports in 2023, the government said in its budget for 2023.

According to the forecast, unprocessed cocoa beans being exported will be subject to a tax rate of 10%.

During the 2021-2022 cocoa season, Cameroon exported 217,107 metric tons of unprocessed cocoa beans, and locally processed 86,850 tons, according to government and industrial data.

Check Also

Vinicius Jr. discovers Cameroonian ancestry through DNA test

National Daily Newspaper | In a powerful revelation, Brazil and Real Madrid winger Vinicius Jr. …