Edited by: Sharya Sharma
Last updated: January 28, 2023, 5:03 PM IST
Apple says price adjustments are due to fluctuations in taxes and exchange rates. (Image: News18)
Apple has announced that App Store prices in several countries, including the UK, will increase on February 13 due to changes in taxes and exchange rates to maintain equal prices across all storefronts.
Apple revealed in a developer’s post that prices for apps in the App Store will increase from February 13 in multiple countries, including the United Kingdom. These price adjustments are a result of fluctuations in taxes and exchange rates and to “ensure that prices for apps and in-app purchases remain the same across all stores.”
Apple has said that app and in-app purchase prices on the App Store will increase in several countries, including Colombia, Egypt, Hungary, Nigeria, Norway, South Africa and the United Kingdom. However, prices in Uzbekistan will fall due to a reduction in the VAT rate from 15% to 12%.
In Ireland, Luxembourg, Singapore and Zimbabwe, prices will remain unchanged, but due to VAT changes, revenues from these countries will also change slightly. Ireland sees VAT rate cut on electronic newspapers and magazines from 9% to 0%, Luxembourg sees VAT rate cut from 17% to 16%, Zimbabwe sees VAT rate increase from 14.5% % to 15% and In Singapore, the tax rate for goods and services will be increased from 7% to 8%.
In addition, by the end of January, revenues will also increase for local developers selling in Uzbekistan, Kyrgyzstan, Tajikistan, Singapore, Indonesia, South Korea, Thailand and Cambodia. And in December last year, Apple had too announced plans to offer developers an additional 700 pricing options for apps on the App Store, with prices ranging from 29 cents to $10,000, taking effect in the spring of this year.
Read all the latest technical news here
