Apple Eases App Store Tax for Small Developers in EU, Exempts Free Apps Without Monetisation From New Core Technology Fee
The company said that developers of free apps without monetisation won슬롯사이트™t have to pay the new Core Technology Fee (CTF) it introduced in the EU. 슬롯사이트œOnly developers who reach significant scale (more than one million first annual installs per year in the EU) pay the CTF,슬롯사이트� Apple said in an update.
New Delhi, May 2: Apple on Thursday allowed small developers more ways around its alternative app store tax in the European Union (EU). The company said that developers of free apps without monetisation won슬롯사이트™t have to pay the new Core Technology Fee (CTF) it introduced in the EU.
슬롯사이트œOnly developers who reach significant scale (more than one million first annual installs per year in the EU) pay the CTF,슬롯사이트� Apple said in an update. Nonprofit organisations, government entitles and educational institutions approved for a fee waiver don슬롯사이트™t need to pay the new fee. Apple will start charging them after 슬롯사이트œone million first annual installs up to a cap of 1 million euros per year.슬롯사이트� The iPhone maker introduced the CTF in the EU in January to comply with the Digital Markets Act (DMA).슬롯 머신 사이트 추천Apple CEO Tim Cook Says Company Making Significant Investments in Generative AI To Share 슬롯사이트˜Very Exciting Things슬롯사이트� With Customers Soon.
슬롯사이트œNo CTF is required if a developer has no revenue whatsoever. This includes creating a free app without monetisation that is not related to revenue of any kind (physical, digital, advertising, or otherwise),슬롯사이트� said Apple. Small developers (less than 10 million euros in global annual business revenue) that adopt the alternative business terms will receive a 3-year free on-ramp to the CTF to help them create innovative apps and rapidly grow their business.슬롯 머신 사이트 추천iPhone Sales Down 10% in March Quarter Amid Slowdown in China Market, Apple Stock Up After USD 110 Billion Buyback.
슬롯사이트œIf a small developer grows to earn global revenue between 10 million euros and 50 million euros within the 3-year on-ramp period, they슬롯사이트™ll start to pay the CTF after one million first annual installs up to a cap of 1 million euros per year,슬롯사이트� Apple explained. Epic CEO Tim Sweeney posted on X that Apple is tweaking its anticompetitive "core technology" junk fee 슬롯사이트� 슬롯사이트œwhile still demanding a cut of transactions they have nothing to do with, from apps distributed through channels they have nothing to do with, in violation of EU law슬롯사이트�.
(The above story first appeared on LatestLY on May 03, 2024 01:07 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).