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The exchange rate stamp has a “legal basis”

Posted On 31 Mar 2016

 

timbre-ecuadortimes-ecuadornewsThe exchange stamp may be applied or not to balance the trade balance demotivating imports and promoting exports.

The truth is that the government took a major step if it needs to apply it: it promulgated Executive Order (943), which empowers the Board of Monetary Regulation to establish the means of payment for the cancellation of tariffs or taxes on foreign trade.

According to several analysts, adopting a ‘currency stamp,’ a Plus Tax Credit Certificate (CAT +), would be implemented through Central Bank Securities (TBC).

 

Source: http://expreso.ec/economia/el-timbre-cambiario-tiene-base-legal-CA211765

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CNE recognizes error in more than 6 million presidential ballots and says it will destroy them

Posted On 14 Jan 2021

Small and medium entrepreneurs of Guayaquil will be trained for business rounds

Posted On 14 Jan 2021

World food prices rose for the seventh consecutive month

Posted On 14 Jan 2021
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