Monday, January 29, 2007

Reduction of the Value Added TAX in Ecuador

The possibility of returning to the payment the Value Added Tax to 10%, according to the elect president, Rafael Correa, it is not approved by all. A decision as this would harm the national state treasury.

The Value Added Tax is the most representative tax of the income of the budget of the State.

The reduction will imply a loss of income for the national treasury in the order of the 400 million dollars.

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