- Ecuadorian President Daniel Noboa issued Executive Decree No. 470 on 4 December 2024
- The decree extends the increased VAT rate of 15% into 2025
- Originally, the VAT rate increased from 12% to 13% under the Organic Law to Confront the Internal Armed Conflict and the Social and Economic Crisis
- There was an option included for a further increase up to 15%
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.
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