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...

Expectations of entrepreneurs at draft Law on Production Incentives

After the Executive branch sent to the Assembly on Friday, November 28, as a matter of economic emergency, the draft Law on Production Incentives; the expectations of entrepreneurs began to be generated. The President of the Chamber of Industries of Pichincha, Richa...

Tax reforms would affect advertising companies

The Draft Law on Production Incentives and Tax Fraud Prevention was sent on Friday to the National Assembly. This, contains 46 articles, a transitional and a final provision. The text also includes in fiscal reforms, about 11 regulations in the country. Among the reforms is the...