Categories: News

APPLE TO HIKE SEVERAL APP STORE PRICES IN SEVERAL COUNTRIES

Apple Inc (AAPL.O) said on Monday that prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia, and all territories that use the euro currency, from next month.

The new prices, excluding auto-renewable subscriptions, will be effective as early as Oct. 5, Apple said in a blog post.

These changes will also reflect new regulations for Apple in Vietnam to collect and remit applicable taxes, being value-added tax (VAT) and corporate income tax (CIT) at 5% rates respectively, the company added.

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