apple: Apple to hike costs for apps in these international locations – Occasions of India

apple:  Apple to hike prices for apps in these countries - Times of India

2022-01-14 21:11:32

Apple goes to jack up the costs for apps and in-app purchases (excluding auto-renewable subscriptions) in some international locations within the subsequent few days. Nonetheless, the proceeds will probably be adjusted accordingly and will probably be calculated primarily based on the tax-exclusive value, stated Apple in a information put up on its web site.
The tech large has cited the digital taxes and alternate charges for the transfer. The App Retailer apps are going to get costlier in Bahrain, Ukraine and Zimbabwe, with the VAT in these international locations (in that order) upped by 5 per cent, 20 per cent and 5 per cent, respectively.
Whereas the above international locations will see value hikes within the apps on the App Retailer, there are some international locations the place the costs won’t improve however the “proceeds will probably be adjusted to mirror the next tax modifications.”
In The Bahamas, the value-added tax will probably be decreased from 12% to 10%, Oman will get a value-added tax of 5% and Tajikistan will see value-added tax being decreased from 18% to fifteen%.
Apple additionally shared the upcoming guidelines for Austria, Latvia and Romania that are as follows.
“Austria: Worth-added tax price reversion to 10% after short-term lower to five% for qualifying e-books and audiobooks
Latvia: Worth-added tax price lower from 21% to five% for qualifying e-books and e-publications
Romania: Worth-added tax price lower from 19% to five% for qualifying e-books, audiobooks, and e-publications”

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