Madagascar - PricingMadagascar - Pricing
Prices for imported products generally incorporate the cost of import duties. These import duties are calculated on the customs, insurance, and freight model (CIF), which is the price paid for the imported goods including the cost of freight and insurance (CIF). Import duties in Madagascar range from 0 to 20 percent of the CIF price. The custom duty rate for each item can be found online at https://madagascar.integrationpoint.net/Logon.aspx.
Since 2008, a value added tax (VAT) of 20 percent has been added onto the retail price of all goods and services. Unlike in the United States, all taxes are included in the price displayed to the consumer. The current administration requires that VAT amounts be clearly indicated on all invoices.
VAT is levied also at the import stage. Therefore, any company which has to purchase imported raw materials from another local company will find its production cost higher when applying VAT also at the retail stage. 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.
Since 2008, a value added tax (VAT) of 20 percent has been added onto the retail price of all goods and services. Unlike in the United States, all taxes are included in the price displayed to the consumer. The current administration requires that VAT amounts be clearly indicated on all invoices.
VAT is levied also at the import stage. Therefore, any company which has to purchase imported raw materials from another local company will find its production cost higher when applying VAT also at the retail stage. 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.