Ecuador Increasing VAT Rate from April 2024

According to recent reports, Ecuador's VAT rate will be increased from 12% to 13% with effect from 1 April 2024, with a possible further increase to 15%. The increase will be implemented following the entry into force in March of President Daniel Noboa's partial objection (veto) to a law approved by the National Assembly to raise additional revenue to strengthen security amid rising violence in…
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