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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Bill on inheritance tax was approved

Posted On 17 Jun 2016

 

APROBADO-ECUADORTIMES-ECUADORNEWS

The Plenary of the Assembly Thursday approved the draft Organic Law to prevent the evasion of the income tax on inheritance, legacies and donations revenues with 91 votes in favor, 5 against and 22 abstentions.

 

The bill seeks to create mechanisms to prevent the tax evasion and allocate that money to scholarships for the quintile of the population with lowest incomes (20% or one fifth).

 

Rapporteur Virgilio Hernandez (Alianza PAIS) assured that the bill has no revenue purposes, that in 2014 the collection was more than $ 10 million and, in 2015, after announcing the possibility of the reform, tax revenues reached $ 28 million.

 

Source: http://www.eluniverso.com/noticias/2016/06/17/nota/5639568/aprobado-proyecto-sobre-impuesto-herencias

 

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