The VAT tax lowered; More merchandise arrives at the port of Guayaquil

Ecuadornews:

Products such as fruits, clothing, footwear and others that are part of the list of imported products began to be cleared since yesterday, without paying any surtaxes.

A ship with 179 containers from Belgium, Germany, and Panama docked at the port of Guayaquil at 11:00 pm on Wednesday, May 31. However, started the customs clearance process on June 1st, the day when the surcharges on imported goods were lifted.

In March 2015, the Government imposed safeguards of between 5 and 45% for 2 961 imported goods, which were exempted from tariffs gradually (I).

Source: http://www.elcomercio.com/actualidad/iva-reduccion-productos-mercaderia-puertodeguayaquil.html