With the increasing global focus on transfer pricing, Cameroon has also taken steps to address this issue by introducing new laws and regulations.

In addition to the requirements for TP documentation and the associated penalties, it's important to note that Cameroon has taken steps to align with international standards, such as BEPS and Action Plan 13, despite not being an OECD member. 

This demonstrates the country's commitment to best practices in transfer pricing. Taxpayers in Cameroon have the responsibility to demonstrate the arm’s length nature of their transactions, and they can choose from various methods, such as TNMM, CUP, RMP, PSM, or CPM, in line with the OECD Guidelines.

Furthermore, as Advance Pricing Agreements are currently not in place, taxpayers can request a tax ruling from the GDT as per section M33 of the Manual of Tax Procedures. This additional information provides insight into the regulatory landscape and the specific obligations and options available to taxpayers conducting intercompany transactions in Cameroon.

For a detailed understanding of the transfer pricing landscape in African countries, you can download the full Grant Thornton Africa Transfer Pricing Landscape Guide 2023/2024