Daniel Noboa decrees the reduction of tourist VAT to 8% for the May 1 holiday in Ecuador

The Government reduced the tax from 15% to 8% for tourist services during the Labor Day holiday, which will last for four days

Daniel Noboa decrees the reduction of tourist VAT to 8% for the May 1 holiday in Ecuador

porEditorial Team

Ecuador

The Government reduced the tax from 15% to 8% for tourist services during the Labor Day holiday, which will last for four days

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The Government of Ecuador, through an executive decree signed by President Daniel Noboa, ordered the reduction of Value Added Tax (VAT) from 15% to 8% for tourist services during the May 1 holiday.

The measure applies exclusively to activities contemplated in the Tourism Act, such as accommodation, food in restaurants and cafeterias, tourist transport, travel agencies and event organization.

accommodation, food, tourist transport, travel agencies, benefit from the reduction in VAT

The Labor Day holiday will run for four days, starting on Thursday, April 30 and ending on Sunday

, May 3.

The Internal Revenue Service (SRI) must implement the necessary provisions to ensure the application of the tax benefit in authorized sectors during the holiday period.