Tuna and floriculture Industry will not pay income taxes this year

Through Executive Decrees 645 and 646, the government ordered the exemption of payment of income taxes of 2015 to companies in the tuna and floriculture sector. This measure is due to the fall in international prices, the appreciation of the dollar and the devaluation of the...

Decree for exporters´ taxes was made official

Through the executive decree 607, this March 12 the ‘drawback’ mechanism was made official for exporters of products affected by the appreciation of the dollar. It is a simplified procedure for conditional tax refund to foreign trade; i.e., tariffs and tax burdens for...

$35 K is the limit for electric vehicles to not pay taxes

Only electric vehicles imported that have a cost of up to $ 35,000 will be fully exempt from duties and taxes, indicated the Minister of Production Richard Espinosa. Espinosa explained that these vehicles will be “exempt from all, 0% duty, 0% special consumption tax, 0% VAT...

Government will return taxes to exporters

This February 9 the Minister of Industries, Ramiro González, announced that by a presidential decree the ‘drawback’ mechanism will beformalized, the tax refunds to foreign trade, ie, tariffs and tax burdens for exporters. According to President Rafael Correa in his...

Telecomunications companies would pay to the State for exceeding the 30% of participation

According to the report for the second debate of the draft of the Telecommunications Law, companies of this sector will start paying a trimester amount to the State, in case that they reach or exceed 30% of market participation. Private providers that concentrate market according...

Tax for higher wages is defended by Argentine Government

The Argentine government on Monday defended the need to charge a tax on the highest salaries, despite the growing opposition claims from unions that reject the measure. “Many do not agree that it must be collected. We consider it philosophically and ideologically necessary...

Possible ICE increase for luxury vehicles

The Finance Minister Fausto Herrera notified a possible increase of ICE for luxury vehicles, during the presentation of the Budget assignments for 2015. According to the Internal Revenue Service (SRI by its Spanish acronym), at present, this tax is applied to vehicles with a...
Posted On 07 Nov 2014

SRI detects irregularities in the vehicular trade

The Internal Revenue Service (SRI for its Spanish acronym) warned on Monday, September 15, on the income and marketing of vehicles in an irregular manner through the use of intermediaries and nominees. According to the organization, fake invoices and documents are bei...