• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ministry of Agriculture investigates disrespect for the official price of bananas
Assemblyman Daniel Noboa: A vision towards political communication and governance of Ecuador
By exporting shrimp, more than 80% of additional dollars entered Ecuador
Get to know the Tourist Routes in Ecuador
Rice, palm and sugar cane growers join the dialogue with Minister Bernardo Manzano
International banks project that Ecuador will grow between 4 and 4.5% in 2022
Ecuador surpasses Colombia and Peru in GDP growth, generated by the agreement with the European Union, according to the Bloc’s counselor
6% of Ecuadorians over 15 years of age do not know how to read or write
The gross profit reached $77.8 million, in the first quarter of 2022, of Banco del Pacífico, which “will be sold in a few weeks”
Updating the limits of the Brotherhood Marine Reserve was published in the Official Registry

VAT revenues dropped, despite the additional 2%

Posted On 24 Aug 2016
IVA-ECUADORTIMES-ECUADORNEWS
The Solidarity Act in force after the Earthquake, which increased the value added tax (VAT) from 12 to 14%, was not enough to raise the collection of this tax in July.

Last month USD 386 million (internal operations, including the 2 VAT points rising) were raised with this tax, slightly lower than what was collected in the same month of 2015 (USD 389 million). The revenues goal of this tax was neither achieved, envisaged in USD 439 million, according to data from the Internal Revenue Service (SRI). Without considering the increase of 2 VAT points, collection of the tax fell by 16% in July.
The VAT fall is recorded since August last year. The results are explained by a drop in consumption, a tangible reality in different places in southern Quito.

Source: http://www.elcomercio.com/actualidad/recaudacion-iva-sri-tributos.html

About the Author
  • google-share
Previous Story

Candidates have different proposals to confront the stage

Next Story

There are no reports of dead or injured Ecuadorians by earthquake in Italy, says ambassador

SEARCH

LATEST NEWS

Ministry of Agriculture investigates disrespect for the official price of bananas

Posted On 19 May 2022

Assemblyman Daniel Noboa: A vision towards political communication and governance of Ecuador

Posted On 19 May 2022

By exporting shrimp, more than 80% of additional dollars entered Ecuador

Posted On 17 May 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net