• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
International banks project that Ecuador will grow between 4 and 4.5% in 2022
Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc’s counselor
6% of Ecuadorians over 15 years of age do not know how to read or write
The gross profit reached $77.8 million, in the first quarter of 2022, of Banco del Pacífico, which “will be sold in a few weeks”
Updating the limits of the Brotherhood Marine Reserve was published in the Official Registry
Ecuador approves goals and IMF will transfer USD 1,700 million this year
52 Ecuadorian entrepreneurs land in Israel, cradle of innovation
Ecuadorian textile companies take advantage of the global logistics crisis
Singue case: Appeal is defined with an eye on Jorge Glas
The Minister of Agriculture and Livestock, Bernardo Manzano, begins meetings with the banana growers of Ecuador

A Countdown for the Smuggling of Liquors

Posted On 09 Jan 2017
contrabando-licores-ecuadortimes
The problem has affected domestic manufacturers and licensed importers, those who legally run their businesses and have seen their sales fall due to higher prices and unfair competition from liquors secretly introduced. But also the State. Everything that smuggles in leaves a debit in the collection accounts of the Internal Revenue Service.
And that is reflected in the statistics. The fall in consumption due to the economic tightness that depletes the Ecuadorian’s purchasing power has been felt in the Treasury, due to the lower prices of smuggling. This has caused that the levy for beer, alcoholic beverages, and cigarettes, among others, decreased in 2016 despite the fact that the government approved a reform that raised the rate for industrial beer in April.
The ICE tax per liter of pure alcohol went from $ 7.24 to $ 12, that is, compared with the strongest beverages such as whiskey or rum.
But this was not the primary measure implemented by the State to counteract the effects of the illegal arrival of foreign drink. The key is to be able to trace each bottle. And for that, a system of labeling was created that serves to know the origin, the payment of taxes and the type of drink for sale.

 

The Simar system was approved last year in November, but the Internal Revenue Service decided a month later to defer its actual application, being aware that the system that aims to limit the possibility of irregular alcohol circulation also has an impact on manufacturers that must put it into force.

Source: http://expreso.ec/vivir/la-cuenta-atras-para-el-contrabando-de-licores-GF997888

About the Author
  • google-share
Previous Story

Odebrecht: Ecuador without tracks and pressure from the US

Next Story

Millionaire differences in Refinery´s subcontracts

SEARCH

LATEST NEWS

International banks project that Ecuador will grow between 4 and 4.5% in 2022

Posted On 13 May 2022

Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc's counselor

Posted On 13 May 2022

6% of Ecuadorians over 15 years of age do not know how to read or write

Posted On 12 May 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net