Ecuador

Ecuador cuts VAT to 12%

June 5th, 2017

Ecuador has returned its VAT rate from 14% to 12% on 1 June 2017. The country temporarily raised it to 14% in 2016 to help raise extra funding in the wake of an earthquake.


Ecuador

Ecuador VAT rise to 14%

April 22nd, 2016

Ecuador has announced plans to increase its VAT rate from the current 12% to 14%. The rise is part of a package to help fund the rebuilding of part of the country following the recent earthquake. This has led to damage estimated at up to $3 billion. This comes on top of falling government revenues …


Ecuador

Ecuador imposes e-invoices

October 18th, 2014

In an attempt to reduce VAT fraud, Ecuador is imposing the obligation on tax registered businesses to switch from paper to electronic invoices. The measure came into force at the start of this month. The tax authorities have provided an online portal tool for all customers presented with e-invoices for them to check the authenticity …