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 ...
12OCT25 NEW Smart Casa🏠En Venta #EcuadorReport 3BR 2Bath 125m2 on a 100m2 Lote in Tababela #Quito✈️5 minutes Near to the #UIO🎒Quito International Airport for $79,950. (Nego)📉by JJinEcu🤠
MON 06OCT25 #ParoDay15#Ecuador #ParoNacional2025 #PUYO The community of Puyo, today marched against the government of Daniel Noboa. Strong repression and arrogance of the authorities is causing more and more sectors to join the National Unemployment protests. Today marks 15 days of protests." -
SUN 05OCT25 (11:03) #ParoDay14 #Quito #Ecuador Pres Noboa: "No one can come and take by force the capital of all Ecuadorians.
To those who choose violence, the law awaits them. To those who act like criminals, they will be treated as criminals.
We continue doing what is our duty: we will be in Pastaza tomorrow, together with those who truly build the country, helping those who need it most to produce more and get ahead." - (1/2)
"While some want to stop Ecuador, we propel it forward.
We will reduce the VAT to 8% during the holidays of October 9, and November 2 and 3, because this country is not going to grind to a halt because of a few who lost the business of smuggling and illegal mining.
To boost the local economy, on November 14 we will pay the thirteenth salary to public employees,
so families will have more money during Black Friday and Cyber Monday. We invite the private sector to join this initiative." - (2/2)
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