• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador will sell animal feed to Colombia because of landslide
Alexis Mera gets pre-release after three and a half years in prison
Jorge Glas Unification of Sentences Granted
Ecuador declares illegal mining a threat to state security
International Reserves registered their highest level since the start of dollarization
Government denounces 28 candidates for links to drug trafficking
Constitutional Court dismissed the 7 members of the Council for Citizen Participation and Social Control
Ecuador imported the historic figure of USD 7,646 million in fuels
An Andean bear is released into its habitat after two years in captivity
Ecuador gets ready to vaccinate birds and counter avian influenza

Tax collection falls by 16% until May 2016

Posted On 14 Jun 2016

 

recaudación impuesto-ecuadortimes

In the first five months of 2016 tax collection amounted to US $ 5 443.7 million; that is, 16% less than the same period of 2015, according to the Internal Revenue Service. Since last August tax revenues have been falling, a trend that continued in May when a 7% drop was recorded over the same month of 2015.

Lower sales, higher taxes and tariffs are some of the factors that slowed down the tax collection, according to tax experts and businessmen. The fall was also evident in the highest grossing taxes: the income tax (IR for its Spanish acronym), the value added tax (VAT) and the tax on foreign exchange outflows (ISD), which registered a fall between 16 and 23%.

Source: http://www.elcomercio.com/actualidad/recaudacion-impuestos-ecuador-iva-negocios.html

About the Author
  • google-share
Previous Story

Offshore company of Ecuadorian ambassador purchased properties in Florida

Next Story

Public servants complain that they can not receive loans from the IESS

SEARCH

LATEST NEWS

Ecuador will sell animal feed to Colombia because of landslide

Posted On 27 Jan 2023

Alexis Mera gets pre-release after three and a half years in prison

Posted On 27 Jan 2023

Jorge Glas Unification of Sentences Granted

Posted On 27 Jan 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net