Commerce, hit by insecurity, fears lower consumption due to a possible increase in VAT
42% of VAT collection in 2023 came from businesses in the commerce sector, whose sales have reported declines since July 2023. If the proposal of the Government of Daniel Noboa is approved, to increase the Value Added Tax (VAT) from 12% to 15%, most of the collection would come...
Posted On 29 Jan 2024


