Rafael Correa announces that cigarettes and alcoholic and sugary drinks will be more expensive

As a “big package of taxes of the citizen revolution,´ President Rafael Correa called a series of reforms in economic matters outlined in the Government Palace, in order to face a tax “hole” of $ 800 million. The measures will imply “a little...
Posted On 19 Mar 2016
, By

Cigarettes price went up in with special consumption tax

With the Law of Production Incentives, this year’s Special Consumption Tax (ICE) were reviewed and the prices of products such as cigarettes were affected. The ICE rate increased from 0.0925 to 0.1310 cents per unit. In the case of cigarettes, the Marlboro white box that...

New Incentives Law defines the tax increase on cigarettes

Ecuador raised taxes to discourage the consumption of harmful products such as cigarettes and to promote the national industry,upon taking effect this December 30 the Organic Law on Production Incentives and Tax Fraud Prevention. According to the Internal Revenue Service (SRI by...

Alert messages on packages of cigarettes change to yellow color

Since July, figures of skull that are printed on cigarette packages, to warn about the dangers of smoking and alert messages will now appear in yellow, according to the agreement of the Ministry of Health, published in the official register of March 15.   This seeks, firstly,...