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...

$ 42 fee for shipments under the 4X4 system governs from today

From today the rate of $ 42 for shipments under the 4×4 system begins to govern. The new rules of the import system provide that a $ 42 fee is set for each package and an annual import quota of 1,200 for up to five shipments are imposed. In the case of migrants, they must...
Posted On 08 Oct 2014

Land Law establishes an added value tax on lands

Richard Calderón, President of the Commission on Autonomous Decentralized Governments, clarified that with the Law of Territorial Planning and Land Use Management of the Ministry of Urban Development, only the added value issue would be clarified, because the Organic Code of...

EU will apply tax to financial transactions

About ten countries members of the European Union (EU) agreed this Tuesday May 6 a levy on financial transactions which shall enter into force on January 1, 2016, said Austrian Economy Minister, Michael Spindelegger. The Minister added that countries participating in the...

Tax advisory businesses increase

From today, natural people who forget to pay the income tax,  will receive a fine of 3% on the payable value (from $10, $20 and $60 to declare.) The payment is according to the penultimate digit of the Id card.   To avoid problems with payments, there are those who seek advice on...
Mayor Nebot will propose the Charity Board to eliminate concert tax

Mayor Nebot will propose the Charity Board to eliminate concert tax

Mayor Jaime Nebot, yesterday morning, ratified an intention that was published in July of the last year: to ask the Charity Board of Guayaquil (JBG) to stop charging the tax to public entertainment, in exchange that the Municipality delivers the value of that tribute.   To do so,...