The Ecuador Internal Revenue Service (SRI) has published Resolution NAC-DGERCGC24-00000013, which establishes the list of construction materials qualifying for the reduced VAT rate of 5%. The 5% VAT rate applies for the local supply (transfer) of the following materials:

• Reinforcement steel bars (rebar);
• Aggregate, including clay, sand, lime, limestone, stone;
• Concrete;
• Binding materials (cem…