{"id":42,"date":"2021-03-14T19:32:33","date_gmt":"2021-03-14T19:32:33","guid":{"rendered":"http:\/\/ghana.18.133.222.217.xip.io\/?page_id=42"},"modified":"2022-04-18T13:05:15","modified_gmt":"2022-04-18T13:05:15","slug":"cost-of-doing-business-in-benin","status":"publish","type":"page","link":"https:\/\/westafricanfreetradehub.com\/benin\/cost-of-doing-business-in-benin\/","title":{"rendered":"Cost of Operation"},"content":{"rendered":"\n<p>Benin is a member of the Economic Community of West African States (ECOWAS) which includes Burkina Faso, Cote d\u2019Ivoire, Gambia, Guinea-Bissau, Guinea (Conakry), Ghana, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo.\u00a0 As of January 2015 ECOWAS started the implementation of the \u201cTarif Exterieur Commun\u201d (a Common External Tariff - CET).\u00a0 The standardized tariff applied to imported goods for ECOWAS member states comprising duties and taxes ranges from zero to 35 percent depending on the nature and the origin of the imported goods.\u00a0 CET is designed to protect industries in ECOWAS member states from dumping and unfair competition.\u00a0 A Valued Added Tax (VAT) of 18 percent is levied in Benin on all activities except salaries and agriculture-related activities, and customs duties are due on imported goods at the importation point of entry.\u00a0 The VAT is refundable to sellers and importers that claim it at the end of the fiscal year.<\/p>\n\n\n\n<p>Further information on customs procedures in Benin may be obtained on the Ministry of Economy and Finance, and Benin Customs websites at&nbsp;<a href=\"https:\/\/finances.bj\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/finances.bj\/<\/a>&nbsp;&nbsp;and&nbsp;<a href=\"https:\/\/douanes.gouv.bj\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/douanes.gouv.bj\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benin is a member of the Economic Community of West African States (ECOWAS) which includes Burkina Faso, Cote d\u2019Ivoire, Gambia, Guinea-Bissau, Guinea (Conakry), Ghana, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo.\u00a0 As of January 2015 ECOWAS started the implementation of the \u201cTarif Exterieur Commun\u201d (a Common External Tariff - CET).\u00a0 The standardized tariff [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/pages\/42"}],"collection":[{"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/comments?post=42"}],"version-history":[{"count":3,"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/pages\/42\/revisions"}],"predecessor-version":[{"id":365,"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/pages\/42\/revisions\/365"}],"wp:attachment":[{"href":"https:\/\/westafricanfreetradehub.com\/benin\/wp-json\/wp\/v2\/media?parent=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}