- Ecuador’s VAT rate will increase from 12% to 13% starting April 1, 2024
- There is a possibility of a further increase to 15%
- The increase is a result of President Daniel Noboa’s partial objection to a law approved by the National Assembly
- The purpose of the increase is to raise additional revenue to strengthen security.
Source: orbitax.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.
