- 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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