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Comex postpones for one year remaining dismantling of safeguards

The Committee of Foreign Trade (COMEX) decided Friday to defer for one year compliance schedule for dismantling safeguard surtaxes of 40%, 25% and 15%. This was announced by the Ministry of Foreign Trade. “The progressive dismantling of the three existing surtaxes (40%, 25%...
Posted On 30 Apr 2016
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Shrimp affected by earthquake reach 70%

“I work in Pedernales (in shrimp farms) is in excess, the problem is that people have gone by the earthquake. “So categorizes the situation of that canton, in Manabi, Oswin Crespo, owner of about 15 shrimp farms. Of the 18 permanent workers who had, there are only 5,...
Posted On 30 Apr 2016
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“People ask for water, Correa raises the VAT” by the headline, denounces government newspaper El Mercurio

A first complaint by the news coverage of earthquake last April 16 came to the Superintendency of Information and Communication (Supercom) against the newspaper El Mercurio de Cuenca. On its cover last April 21, El Mercurio published in one of its headlines: ‘People ask for...
Posted On 30 Apr 2016
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65% of Guayaquil sits on clay soil

Where ever there were mangroves, estuaries and today homes and large buildings stand, is Guayaquil. The center and south of the city are built on soils composed of clay, silt and sand today is not a secret to anyone, nor is that these sites are not ideal for building, unless, of...
Posted On 30 Apr 2016
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Comptroller ‘reiterates’ that payment must return ISSFA

The State Comptroller ruled in the government, in the special examination carried out the contract of sale of 66 lots of land to the Social Security Institute of the Armed Forces (ISSFA) for the implementation of Samanes Park in Guayaquil. Although the report has not been...
Posted On 30 Apr 2016
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The offshore companies will have higher rates

Against tax havens. Trusts abroad, with more than a million dollars, will pay taxes. This was determined by the Commission on Economic Conditions, during the discussion of the report for the first discussion of the draft Law and Stewardship Solidarity Citizen by the effects of...
Posted On 30 Apr 2016
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Ricardo Patiño defends new taxes to rebuild areas affected by the earthquake

Defense Minister Ricardo Patino thanked Friday the solidarity and cooperation of society for earthquake victims last April 16; but claimed responsibility for the state as an organized society and defended the VAT increase to 14%, as one of the measures to rebuild the affected...
Posted On 30 Apr 2016
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Ortiz: The reserve would be $ 10,000 million

The earthquake that devastated the Manabi coast two weeks ago brought back memories of economists and businessmen who almost 10 years ago Ecuador had saved background, who have had it now would have helped face-million dollar reconstruction of the disaster and overcome the...
Posted On 30 Apr 2016
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