IVA

Income and expense goals are exceeded

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Income and expense goals are exceeded

From January to May 2024 he federal government reported Three billion 222 thousand 382.7 million pesos in income budgetaryhigher than programmed by 87 thousand 411.1 million pesos, which represented a increase of 5.4 percent. These increases in income to public coffers were due to Greater oil revenues were obtainedof 473 thousand 551.9 million pesosand 12.7 … Read more

Government of Ecuador increases VAT from 12% to 15% to finance the fight against organized crime

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Government of Ecuador increases VAT from 12% to 15% to finance the fight against organized crime

QUITO (AP) — The value added tax rose on Monday in Ecuador from 12% to 15% as a measure to finance the fight against organized crime, in accordance with what was indicated by the government of President Daniel Noboa, who since the beginning of the year declared the country in internal armed conflict. The tax … Read more