Due to changes in forex and tax rates, Apple adjusts App Store prices in multiple countries

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Due to changes in forex and tax rates, Apple adjusts App Store prices in multiple countries
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Apple is changing App Store pricing in some countries to reflect forex changes and changes in tax policies.

by adding 700 new price points for developers. This change was first made available last month for apps offering auto-renewable subscriptions. Other apps and in-app purchases will be able to use the new price points starting this spring.

As for the changes announced by Apple on Friday, the company told developers that"apps and in-app purchases on the App Store will increase in Colombia, Egypt, Hungary, Nigeria, Norway, South Africa, and the United Kingdom." This increase will start on February 13th. Meanwhile, a drop in the value-added tax rate from 15% to 12% in Uzbekistan will lead to a drop in app and in-app pricing. Apple tells developers not to worry because"Your proceeds will be adjusted accordingly and will be calculated based on the tax-exclusive price.

At the end of the current month, Apple says that proceeds will increase for local developers in Cambodia, Kyrgyzstan, Indonesia, Singapore, South Korea, Tajikistan, Thailand, and Uzbekistan. Apple reminds developers that they can change the prices of their apps and in-app purchases anytime using App Store Connect. The company also reminds developers selling subscriptions that they can also leave pricing the same for existing subscribers.Get the most important news, reviews and deals in mobile tech delivered straight to your inbox

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