The train main taxes and fees imposed on companies operating in the oil and gas industry include the state’s share of profit oil, corporate income tax and royalties. The three main taxes and fees on companies in the mining sector include royalties, extraction tax and ad valorem tax. The Directorate of Tax (DGI) is the main body responsible for collecting taxes paid to the central government, while the Société Nationale des Hydrocarbures (SNH) collects the state’s share of in-kind revenues. The Directorate of Treasury and Monetary and Financial Cooperation is the main body in charge of managing and disbursing revenues from the extractive industries. Municipal governments are responsible for levying and collecting small local taxes, but also receive subnational transfers from central government.
The SNH publishes a model oil and gas production-sharing contract (PSC). Production-sharing contracts are awarded on the basis of competitive tender or direct negotiation.
Mining licenses are awarded on a ‘first come first served’ basis in the mining sector. In February 2017, Cameroon launched its online mining cadastre. Regional delegates are responsible for approving new license applications in artisanal and small-scale mining.