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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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