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 ...
01JUL25 - SOUTHCOM’s TMPI: Towards Integrated Deterrence in the Americas by Building Maintenance Capacity- #ECUADOR - "Analyzing Ecuador’s foreign policy trajectory over the past two decades is pertinent to illuminating the region’s evolving political and security landscape. During President Rafael Correa’s administration between 2007 and 2017, Ecuador pivoted by severing its military relations with the US.
This comprehensive shift included ordering the closure of the security cooperation office in the US Embassy and honoring but not renewing the lease term for the Manta Air Base, causing the withdrawal of approximately 300 US military personnel stationed there.
However, this period of strained relations was followed by the re-establishment of the Office of Security Cooperation (OSC) in 2018, signaling a potential shift that ultimately materialized with new military cooperation agreements signed with the US in 2023 under President Lasso and ratified in 2024 by President Daniel Noboa. ...
25JUN25 "Ecuadorian President Daniel Noboa announced this Thursday the capture of Adolfo Macías Villamar, alias "Fito ," considered the leader of the Los Choneros organized crime group.
"For those who opposed and doubted the need for the Solidarity and Intelligence laws : thanks to those laws, Fito was captured today and is in the hands of the Security Bloc," the president posted on the social network X.
"We have done our part to proceed with Fito's extradition to the United States , and we await your response. Have a good afternoon, Ecuador," Noboa added.
The criminal leader had been on the run for over a year and a half , after escaping from the Guayaquil Regional Prison and hiding his tracks while the country was engulfed in a spiral of violence, culminating in the brief takeover of a television station.
'Fito,' who was serving a 34-year sentence for organized crime, drug trafficking, and murder , escaped on January 7, 2024, as he was about to be transferred to La Roca, a ...
🚨US State Department asks all US passport holders to leave Iran by land- WN https://chat.whatsapp.com/JWtYVzaIHSjA3A8wkpTpmD
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