- The 12-day limit on temporary VAT reductions for tourist services in Ecuador has been removed. Previously, the President could reduce the VAT rate to 8% for up to 12 days a year during National Holidays. An amendment to the Internal Tax Regime Law now allows this reduction without the 12-day restriction, enabling continued 8% VAT during Autumn, Christmas, and New Year Holidays.
Source: fintua.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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