Please note that the commission’s fee is inclusive of VAT (7.5%). The Minimum cost is 240 NGN… All other Categories are 500NGN.

In line with the Federal Government’s directive on the Finance Act 2019, the Value Added Tax (VAT) applicable on goods and services offered by Jumia was increased from 5% to 7.5% effective on the 1st of February 2020.

Examples on how to calculate the VAT increment

Example 1

Let us assume that a vendor wants to purchase a basic sponsored product package (#15000). The VAT calculation is 7.5%, what amount will the vendor pay?

(7.5 X 15000) / 100  = 1125

= 15000 + 1125

16125

The new amount that the vendor will pay for the above basic sponsored product package is now 16125

Example 2

A vendor is selling a a mobile phone which falls under the Phones and Tablet category with #240 Shipping cost, how much will the new shipping cost be, put into consideration the new 7.5% VAT charges?

(7.5 X 500) / 100 = 18

= 240 + 18

258

The new shipping cost will be #258

Jumia Express Shipping Fee Contribution

Please note that the shipping fee is inclusive of VAT (7.5%). The Minimum Shipping cost is 240 NGN… All other Categories are 500NGN.