News / National
Apple to increase prices for apps and in-app purchases for its customers in Zimbabwe
11 Feb 2021 at 07:04hrs | Views
US technology company Apple Inc, known for its iPhone range of smartphones, says it will soon increase prices for apps and in-app purchases for its customers in Zimbabwe.
The company says this has been necessitated by a new value-added tax of 14.5% in Zimbabwe.
Below is the full message from Apple.
Upcoming tax and price changes for apps and in-app purchases
When taxes or foreign exchange rates change, we sometimes need to update prices on the App Store in certain regions and/or adjust your proceeds. In the next few days, your proceeds will be adjusted in the following regions and will be calculated based on the tax-exclusive price.
Cameroon: New value-added tax of 19.25%
Zimbabwe: New value-added tax of 14.5%
Prices of apps and in-app purchases (excluding auto-renewable subscriptions) on the App Store will increase in these regions.
Germany: Value-added tax rate reversion to 19% after temporary decrease to 16%. Prices on the App Store will not change.
Republic of Korea: Prices of alternative tiers for apps and in-app purchases (excluding auto-renewable subscriptions) will be adjusted to allow for additional locally relevant pricing conventions.
Once these changes go into 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 preserve prices for existing subscribers.
The company says this has been necessitated by a new value-added tax of 14.5% in Zimbabwe.
Below is the full message from Apple.
Upcoming tax and price changes for apps and in-app purchases
When taxes or foreign exchange rates change, we sometimes need to update prices on the App Store in certain regions and/or adjust your proceeds. In the next few days, your proceeds will be adjusted in the following regions and will be calculated based on the tax-exclusive price.
Cameroon: New value-added tax of 19.25%
Prices of apps and in-app purchases (excluding auto-renewable subscriptions) on the App Store will increase in these regions.
Germany: Value-added tax rate reversion to 19% after temporary decrease to 16%. Prices on the App Store will not change.
Republic of Korea: Prices of alternative tiers for apps and in-app purchases (excluding auto-renewable subscriptions) will be adjusted to allow for additional locally relevant pricing conventions.
Once these changes go into 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 preserve prices for existing subscribers.
Source - online
