Discusses pricing formula and other fees, value-added tax (VAT), etc.
Last Published: 7/24/2019

The formation of the coalition government in 2009 ushered in reforms that saw the removal of price controls.  Nearly all prices are now market determined.  This followed a period of wide-spread shortages caused by the intensification of price controls in 2007.  Most products attract a value added tax (VAT) of 15 percent, with the exception of some basic commodities that are zero-rated.  Retailers typically list prices in the local electronic currency, the RTGS dollar, and offer U.S. dollar cash discounts reflecting the unofficial exchange rate.
 

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.