The National Assembly has voted a new law granting airline companies the right to collect the 10,000 FRS airport stamp duty tax. The measure is contained in the Finance Bill of 2015 passed last week by the Lower House of parliament. Cameroon Concord’s senior economic correspondent Kenneth Najeme who also moonlights as Chairman and CEO of WorldConnect Essen noted that the new legislation is to secure the revenue of the state.
The new government policy will have no real impact on the performance of the airline companies but will wipe away some of the hassles for passengers who often encountered difficulties meeting this formality before boarding from Cameroon. The various airline companies are expected to include the 10,000 FRS in the prices of air tickets. Cameroon Concord understands the implementation will begin immediately after the President of the Republic signs the decree promulgating the Finance Act 2015 into law.