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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

Enterprises analyze ways to mitigate impact because of the IVA

Posted On 21 May 2016

IMPACTO IVA-ECUADORTIMES

With the publication in the Official Registry of the Citizen Responsibility and Solidarity Law, some enterprises are preparing strategies to avoid a decrease in their sales because of the increment of 2 points (from 12% to 14%) of the IVA tax.

Like La Canoa restaurant, of the Continental hotel. They said that they were going to assume the additional value from July 1st.

“We will apply a discount to the consumes, so that the increment in 2% of IVA does not affect (…), is a voluntary decision, an contribution to our customers” indicated Roberto Quintero, Marketing manager of the hotel, who clarified that this decision only applies for the restaurant.

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