Safeguards, in force since March 2015 and the recent rise in taxes made more expensive the cost of maintenance, spare parts and accessories for vehicles. Businesses of this segment recorded a drop in sales of between 12 and 50% since last year. Silvia Paredes, owner of Vicious Audio Car, explained that the costs of their products were already hit by the tariff surcharges of March 2015.
Supplies and accessories for cars are also among the products that are taxed with two additional points of the value added tax (VAT), which increased at 14% since last June 1st.
The rise impacted on products such as lubricating oils, shock absorbers, batteries and tires. electronic equipment such as audio and video systems, grills, carpets and others are included. The price of these products, according to Vicious Audio Car ranged from 2015 with the application of higher tariffs. A radio, which cost $ 130, rose to $ 160 without VAT. With a 12% tax, the same radio had a cost of USD 179.2 and with the two additional points it cost USD 182.40.