Benin - PricingBenin - Pricing
Most Beninese consumers have little disposable income and are extremely price sensitive across the range of consumer goods. However, there is a growing number of consumers for higher-end merchandise.
A Value Added Tax (VAT) of 18% of gross value is applied to transactions with certain exceptions, including salaries and agricultural inputs. There is a duty of 48% for most imported goods to be sold in Benin.
Quotations and invoices should be made in CFA Francs.
U.S. exporters should provide prices on a CIF (Cost, Insurance and Freight) basis. U.S. exporters new to the market should require an irrevocable letter of credit prior to shipping. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
A Value Added Tax (VAT) of 18% of gross value is applied to transactions with certain exceptions, including salaries and agricultural inputs. There is a duty of 48% for most imported goods to be sold in Benin.
Quotations and invoices should be made in CFA Francs.
U.S. exporters should provide prices on a CIF (Cost, Insurance and Freight) basis. U.S. exporters new to the market should require an irrevocable letter of credit prior to shipping. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.