14FEB24- "The new Value Added Tax (IVA) rate will go from 12% to 13% once the Law to confront the internal armed conflict is promulgated by President Daniel Noboa and published in the Registro Oficial.
And, because Noboa made a partial objection to the law that the Assembly approved on February 6, 2024, the new IVA rate will begin to be collected from April 1 and not in March 2024 , as initially anticipated by the President, explains tax lawyer Napoleón Santamaria.
So what will cost more once the new IVA goes into effect?
- Extra gasoline which costs $2.69 with 12% IVA, will go up to $2.71 with 13% IVA.
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- Netflix which costs $12.31 with 12% IVA will go up to $12.42 with 13% IVA.
On the other hand, there are many basic foods that have 0% IVA, so consumers will not have to pay more with the new law. These are the foods most consumed by Ecuadorians, among which are: rice, flour, oats, bread, meat, chicken, eggs, milk, sausages, tuna, cheese, oil, fruits, vegetables, legumes, grains and tubers.
Citizens will not have to pay more for basic services either, since they have a 0% IVA rate. Considered in this group are: Electricity, drinking water, sewage and garbage collection.
Cable television, Internet, and cellular and landline telephone services are not in the group of basic services, so they will have a 13% IVA rate.
Eating in restaurants and cafes will be more expensive.
Household goods and appliances will be subject to IVA at 13%. They include refrigerators, washing machines and dryers, and air conditioners.
What will happen to health and education? Medicines and health services, such as consultations with general practitioners or specialists, including prepaid medicine services and health insurance, have 0% IVA.
Laboratory tests, hospitalization expenses, dental services, and veterinary expenses for pet care also do not have IVA. Education should not increase in price due to IVA either. There is a 0% rate for: Initial basic education up to bachillerato, as well as undergraduate and postgraduate university education and daycare service.
However, computer and language courses will have a 13% IVA rate." -
🤠iffin you gonna move down or remain in Ecuador on into 2025, get prepared for whats a coming down the pike🥷🏼its not and has not been just a Coastal & #GYE thang, its also a Sierra & Metro #Quito Thanggy as well👮🏻♂️💰
My 2025 NewYears Resolution is more time out on the La G range, zz style, 🎸🥁🎸 cuzz (imho) we gonna dang sure be a needin it🥷🏼if anybody wants to no longer be an outlaw? Call me to join our Qtowne Quito gun club and get legal to tote with a 55hr CCW Course,
now a days The CCW is pretty much streamlined down to this:
plan on about $300 for to join the gun club,about $200 or up to $300 for the CCW course,about $300 for psyche, psycho and toxico exams,
a 9mm Taurus for say $1200.
a 9mm CZ for say $1500.
aprox $80 to $100 for a box of 50rds 9mm FMJ
i see peeps now a days getting legally armed in about a 3-4 months time frame, kinda like a tuff assed visa process!
'Always be prepared' - BSA & SA,
"When guns are outlawed, only outlaws will have guns" - Louis L'Amour (1908-1988) Western novelist of ...
(there will be no significant improvement in Ecu until this addressed and resolved once and for all, very similar issues up NA way too, Ecu mini state likes to monkey see monkey doo big brother brothel USSA in so many ways:) 03DEC25- #Ecuador ⚖ 'Life imprisonment! For corrupt judges & lawyers- "...So, let's use the same logic with my "buddies." If as a lawyer you are found guilty of having bribed a judge or prosecutor or you are that judge or prosecutor bribed, it is impossible for us to think that it is coherent that we can once again entrust them with their participation in the system of administration of justice.
A corrupt judge, lawyer or prosecutor must be banned for life from practicing the profession. Let them go out to sweep streets or pass cafes, but in this profession they cannot participate again. Because without Justice there is no State and they have made sure that Ecuador is a failed State.
But I am more radical: I propose that the perpetual inability to practice the profession ...
SUN 23NOV25 The #EcuadorReport Giving Thanks to the Entire Crew at KAT-BAS Club de Tiro #Quito Gun Club - 'Nobody is Coming to Save You!'🦃Have a Happy Thanksgiving 2025🎩-
13NOV25 📑#Ecuador
"There is an agreement between the US and Ecuador on reciprocal tariffs, driven by President Donald Trump and President Noboa.
The United States announced the elimination of reciprocal tariffs for certain Ecuadorian exports, following the conclusion of a new agreement promoted by President Donald Trump and President Daniel Noboa.
The understanding incorporates chapters of trade, work, environment and security, with the aim of providing greater competitiveness and relief to the export sector of Ecuador.
The Minister of Production and Foreign Trade, Luis Jaramillo, stressed that this framework "will lay the foundations of trade, economic and national security relations", emphasizing that the agreement marks a decisive step to deepen cooperation between the two countries.
According to the Ecuadorian Government, the measure will allow to expand opportunities for domestic products and strengthen the bilateral agenda in strategic areas for development and security." -
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