Apple App Store prices to be hiked from from October 5: Check list of countries, new rates | Technology News

San Francisco: Apple has announced an increase in App Store prices across Europe and in some Asian countries starting next month, as global currencies drop against the US dollar.

The price increases will be effective on both in-app purchases and regular apps on the App Store, starting October 5.

“From October 5, 2022, prices for apps and in-app purchases (excluding auto-renewing subscriptions) on the App Store will increase in Chile, Egypt, Japan, Malaysia, Pakistan, Poland, South Korea, Sweden and Vietnam, all regions that use the euro currency,” The tech giant said in an update.

In Vietnam, these increases also reflect new regulations for apple For the collection and remittance of applicable taxes, which are Value Added Tax (VAT) and Corporate Income Tax (CIT) at 5 percent rates, respectively.

All Euro markets will see the base app price move 0.99 euros to 1.19 euros next month which is a 20 per cent rise. In Japan, increases exceeded 30 percent.

“Your returns will be adjusted accordingly and will be calculated at the ex-tax rate,” Apple said.

Once these changes take effect, the Pricing and Availability section of My Apps will be updated.

“You can change the price of your apps and in-app purchases (including auto-renewable subscriptions) at any time in App Store Connect. If you offer subscriptions, you can choose to keep prices for existing subscribers,” the company said.

The App Store pricing changes come weeks after Apple raised prices for the new iPhone 14 and Apple Watch Series 8 models in several markets outside the US, The Verge reports.

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