- Circular No. NAC-DGECCGC24-00000002 published in Ecuadorian Official Gazette on March 28
- VAT rate for local transfer of movable property and services increased to 15% from 13% effective April 1
- Tax event occurs at delivery of goods, complete or partial payment, or credit
- For services by progress of work, tax event is delivery of each progress certificate
- VAT rate of modified sales receipt must be applied in specific cases for credit or debit notes issuance
Source: news.bloombergtax.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.
