Apple has announced a price increase for apps and in-app purchases in Malaysia and other countries
Apple has announced an increase in the prices of applications and in-app purchases (excluding renewable subscriptions) in several countries including Malaysia, Japan, South Korea, Vietnam and all countries that use the euro as their currency (France, Spain , Italy, etc.).
These changes will be implemented as of October 5, 2022.
The news of the price increase comes from Apple’s official website in the news and updates section:
“Beginning October 5, 2022, the price of apps and in-app purchases (excluding auto-renewable subscriptions) on the Apple App Store will increase by Chile, Egypt, Japan, Malaysia, Pakistan, Poland, South Korea, Sweden, Vietnam and all territories using the euro. In Vietnam, these increases also reflect new regulations allowing Apple to collect and remit applicable taxes, namely Value Added Tax (VAT) and Corporate Tax (IRS) at rates of 5% respectively. .
“Your product will be adjusted accordingly and will be calculated based on the price excluding taxes. Schedule B of the Paid Apps Agreement will be updated to reflect that Apple collects and remits applicable taxes in Vietnam.
“Once these changes take effect, the Pricing & Availability section of My Apps will be updated. You can change the price of your apps and in-app purchases (including auto-renewing subscriptions) at any time in App Store Connect. If you offer subscriptions, you can choose to keep the prices for existing subscribers.”
Except for the new Vietnamese tax regulations, Apple has not given exact confirmation on the reason for the price increase. Since the PS5 has also seen a price increase in many of the same territories, this could be due to the higher global inflation rates currently affecting the electronics industry.