Significant Updates to App Pricing,Taxes,and Categories on App Store Connect
As a developer,staying informed about changes to app Store Connect is crucial for maximizing your appS success and ensuring accurate financial reporting. Apple recently announced several updates impacting pricing,tax regulations,and app categorization. This guide breaks down these changes, providing you with the information you need to navigate them effectively.
Upcoming Price Changes & Management
You can now view and manage any upcoming price changes directly within your App Store Connect account. Remember, you always have the adaptability to adjust prices for your apps, In-App Purchases, and auto-renewable subscriptions whenever needed.
Here’s how to manage your app pricing:
* view or edit upcoming price changes.
* Edit your app’s base country or region.
* Understand pricing and availability start times by region.
* Set a price for an In-App Purchase.
Tax Updates: What you Need to Know
Your proceeds from app and In-App Purchase sales will be adjusted to reflect new tax rates and updated pricing. Apple has updated Exhibit B of the Paid Applications Agreement to include tax collection and remittance in Ivory Coast, Nepal, Suriname, and Zambia.
Specifically,as of June 6th,proceeds for eligible apps and In-App Purchases have been modified in the following countries:
* France: The digital services tax is no longer applicable.
* Ivory Coast: A Value Added Tax (VAT) of 18% has been introduced.
* Malaysia: The Sales and Service Tax (SST) has increased from 6% to 8%.
* Nepal: A VAT of 13% and a digital services tax of 2% have been introduced.
* Norway: VAT has increased from 0% to 20% for certain Norwegian news publications.
* Suriname: A VAT of 10% has been introduced.
* Uganda: A digital services tax of 5% has been introduced.
* Zambia: A VAT of 16% has been introduced.
For a deeper understanding of your earnings, explore these resources:
* View payments and proceeds.
* Download financial reports.
New Tax Category: Fitness & Health streaming
Apple has introduced a new attribute within the Fitness and Health category: “Content is primarily accessed through streaming.” If your app or In-App Purchases offer fitness video streaming, it’s essential to review and update your selections in the Pricing and Availability section of App Store Connect.
You can learn more about setting tax categories here: Learn about setting tax categories.
These updates are designed to ensure compliance with evolving global tax regulations and provide a more accurate financial picture for you. Staying proactive with these changes will help you maintain a smooth and accomplished app business on the App Store
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