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apple: Apple to hike prices for apps in these countries

Written by News Sateek

Apple will drive up prices apps and in-app purchases (excluding auto-renewable subscriptions) in some countries in the coming days. However, the product will be adjusted accordingly and will be calculated based on the pre-tax price, Apple said in a post on its website.
The tech giant cited digital taxes and exchange rates for the move. the Apps from the App Store will become more expensive in Bahrain, Ukraine and Zimbabwe, with VAT in these countries (in that order) increasing by 5%, 20% and 5% respectively.
While the above countries will see price increases in apps on the App Store, there are some countries where prices will not increase but “product will be adjusted to reflect the following tax changes”.
In the Bahamas, value added tax will be reduced from 12% to 10%, Oman will get a value added tax of 5% and Tajikistan will see value added tax reduced from 18% to 15%.
Apple also shared the upcoming rules for Austria, Latvia, and Romania, which are as follows.
“Austria: return of value added tax rate to 10% after temporary reduction to 5% for eligible e-books and audiobooks
Latvia: Value Added Tax Rate Reduced from 21% to 5% for Eligible e-Books and e-Publications
Romania: Reduced Value Added Tax Rate from 19% to 5% for Eligible eBooks, Audiobooks and ePublications »

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