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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

VAT will be Refunded to Tourists

Posted On 31 Jan 2011

Today, government officials announced the return of the Value Added Tax (VAT) for tourists who make over $50 purchases of domestic products or host in the country. This measure seeks to increase the national production and tourism.

Establishments which want to be part of the project must sign in the Ministry of Production; get a unique record of Taxpayer, and finally present the enabling sheet with its respective registration.

After 120 days, the IRS will refund the money in tourist credit card, who must submit repayment request at the airports of Guayaquil and Quito.

Source: Ecuador Inmediato

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