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 ...
20AUG25 'The 10 most affordable states for retirees in 2025- "Here are the most affordable states, according to Bankrate’s analysis:
West Virginia
Pennsylvania
Delaware
Wyoming
Ohio
Wisconsin
Nevada
Indiana
Idaho
Georgia,
West Virginia
powered to the top with strong performances in both key sub-categories. The state had the lowest cost of living, as well as the fourth-lowest cost of homeowner’s insurance, at $1,009 annually.
“West Virginia has been an attractive location for retirees for the last few years and has seen multiple years of positive net migration — people moving in — despite the fact that the overall state population is shrinking,” says Kates...." -
Premeirs🎥SUN 10AUG25 (9pmET) #CNN "Senior National Correspondent David Culver and team report on the exploding violence in Ecuador, 🇪🇨
Where citizens are regularly pressured to hand over money to gangs involved in the country’s drug trade.
Watch ‘Ecuador: The Narco Superhighway’ on ‘The Whole Story with Anderson Cooper’ Sunday August 10 at 9pm ET on CNN." #CNN #News -
