IRS Announces the Date Set for the New Taxes in Ecuador

IRS Announces new Taxes for Ecuador

Since November 24 of the present year a new tributary reform would be set, once published in the Official Registry, said the Director of the Internal Revenue Services (IRS), Carlos Marx Carrasco.

This reform will include a tax increase in the outflow of foreign exchange (ISD) of 2% to 5%, it will set a tax on vehicle pollution, it will change the tax method applied on cigarettes and alcoholic beverages.

The IRS estimates to collect between $ 350 and $ 400 million annually with this new reform.

(BG)