Ecuador Proposes 15% Value-Added Tax Increase to Address Security Crisis

• Draft legislation in Ecuador proposes raising the value-added tax rate from 12% to 15%.
• The legislation was introduced in response to the country’s security crisis.
• The increased tax rate will not apply to certain essential goods and services.

Source: answerconnect.cch.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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