- Nationwide VAT Reduction: On 21 October 2024, Ecuador’s government enacted Decree No. 429/2024, reducing the VAT rate from 15% to 8% for tourism activities from 1 November to 4 November 2024.
- Promotion of Tourism: The VAT reduction aims to boost tourism during the national holidays occurring on these dates.
- Coverage of Tourism Activities: The reduction applies to various tourism-related services, including accommodation, food and beverage services, and transport for tourism purposes.
- Inclusion of Travel Agencies: Tourist operations, where travel agencies provide transport, are included in the VAT reduction, enhancing the overall tourism experience.
- Entertainment Services Included: The decree also covers casinos, game rooms, racetracks, and stable attraction parks, broadening the appeal of the tourism sector during the holiday period.
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