The exchange stamp, another restriction
Importers of cars and flat ceramic see the exchange stamp bill as a measure that would slow down their sectors or would leave them without a basis. They consider it would be another restriction. The exchange stamp is a proposal of economist Alberto Dahik that is being analyzed by the Government, this would help to offset the imbalance between imports and exports.
But Dalila Gómez, president of the Association of Importers of Flat Ceramic, told Daily Expreso that importers have been the most affected by the restrictive measures. “They’ve gone from technical type controls, quotas to reduce imports by 30%; taxes on currency outflows and surcharges.” The level of taxes that are payed go from 60 to 75%. He added that the consequences of the regulations issued two years ago is that from 160 companies had in 2013, only 67 are left.
He stressed that the proposal of former Vice President Dahik includes removing other obstacles. But “I do not think that the government will eliminate the taxes it charges.”
Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8674625&idcat=38269&tipo=2