All the prices displayed on the noon website include 5% VAT.
While determining or changing the price of your products on noon, you should add the 5% VAT on the price of your product as well as the fees and commissions on the price of your product exclusive of VAT.
Let's see how to determine the price of a book that you sell for AED 100 (exclusive of VAT) as an example:
1. Calculate the fees & commissions of AED 100 (exclusive of VAT):
- Closing fee: AED 4
- Books commission (5%): AED 100 x 0.05 = AED 5
- Total fees & commissions = AED 9
2. Add the 5% VAT on AED 100:
- VAT: AED 100 x 0.05 = AED 5
3. Add both amounts to the original book price:
- Total amount = AED 114
This will be the price that you'll give your book when you list it on noon.