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Apple to raise App Store prices in Brazil, India, Russia, more

In an update posted to its developer portal on Monday, Apple announced imminent App Store price hikes in Brazil, Colombia, India, Indonesia, Russia and South Africa to account for foreign exchange rates and tax changes.According to Apple, the new pricing builds in new tax developments in India and Indonesia. Specifically, India has imposed an equalization levy of 2%, which adds to an existing goods and services tax of 18%. In Indonesia, a new value-added tax of 10% was instated for developers based outside of the country.The changes affect app purchases and in-app transactions, but does not impact auto-renewable subscriptions. Apple expects the price increases to roll out in the next few days. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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