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Since this December 29, the Organic Law of Production Incentives and Tax Fraud Prevention was promulgated in the Official Gazette, after six days it was approved in second debate by the National Assembly. With this, induction cookers will not be taxed with the value added tax...

The Conecel company (Claro) shall pay to the Superintendency of Telecommunications around $ 40 million for the sanction imposed by the control agency in 1999, over the issue of rounding consumption time in calls, in which the company billed as one minute the seconds that were...

The Minister of Labour, Carlos Marx Carrasco, today announced an increase of $14 for the unified salary, which will increase to $ 354. Carlos Marx Carrasco justified his decision to increase only 4.11%, noting that “with the appreciation of the dollar and the huge...

Ecuador’s trade balance (difference between exports and imports) tends to recover this year. Until October, it placed its numbers in $ 148 million in favor, after that during the same month in 2013 a deficit of $ 1,172 million was recorded. The figure presented by the...

The increase of the minimum wage that is expected today to be decreed by the Government will have repercussions in the average payment of the employees. 78% of businessmen in the country believe that the average increase in salaries in Ecuador will be at around 5.01%. This is...

The Ecuadorian government will disburse during the year 2015 nearly $ 3,000 million to finance hydroelectric mega projects such as Coca Codo Sinclair, Pilaton-Toachi, Manduriacu, among others, which are built in the country. These hydroelectric plants built by the State, will...

The Ministry of Tourism reported that about 1,5 million foreigners, mainly Colombians, Americans and Peruvians, visited Ecuador in 2014, recording a new record. During 2013, about 1.4 million foreigners walkers visited Ecuador, according to the ministry, which generated foreign...

Councillors from Quito, along with Mayor Mauricio Rodas approved ordinance 153, which regulates the payment of property taxes and benefits 410 000 families of Quito.  “Our commitment is to work to take care of the pockets of the people from Quito … With the approval...

The reforms dismiss the disappearance of the Social Security Institute of the Armed Forces (ISSFA for its Spanish acronym), before the comments of the possibility that it could be absorbed by the Ecuadorian Institute of Social Security (IESS) The Coordinator Minister of Security,...

Ecuador launched on Wednesday, December 24 the electronic money system that allows to make transactions through cell phones. The program will facilitate users to make payments through mobile phones, with a previous payment in dollars, this process will be accomplished in three...