New price lists are expected in business

Consumers will begin to feel the new prices of soft drinks, energy drinks, sugary and Industrial beer, cigarettes, as well as cellular and fixed telephony, once undertake new price lists by the manufacturers and service providers . They also have to wait months for them to make use of the benefits of consuming VAT refund electronically.

These tax reforms contained in the Act Balancing Public Finances, took effect yesterday, but they must meet certain requirements to be fully implemented.

According to executive director of the Ecuadorian Business Committee (EEC) and president of the Association of Telecommunications Companies (Asetel), Roberto Aspiazu, the law requires a regulation. He says that what is known, the intention of the Executive was to finish this secondary legislation this weekend.

In the case of beverages and cigarettes there is a stock market and should be sold without the rise, it was purchased at a lower price (I)

Source: http://www.eluniverso.com/noticias/2016/05/01/nota/5553471/nuevas-listas-precios-se-esperan-negocios