Volume 5, Issue 02
New SRi process will return VAT to seniors at point of sale

New SRi process will return VAT to seniors at point of sale

This week, the government announced its plan to give seniors refunds for the value added tax (VAT) automatically, at the point of purchase In a new resolution (#059 from September 28th), the Internal Revenue Service (SRi) announced that this process will start shortly...

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The pros and cons of raising Ecuador’s VAT to 15%

The world is facing an economic crisis as a result of the coronavirus pandemic, but in the case of Ecuador, the difficult situation in this area preceded it, which is why it has been hit harder than other countries. As a measure to obtain resources, the Government has...

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NEWS UPDATES: Following up on recent stories

NEWS UPDATES: Following up on recent stories

In our “Updates” feature, we follow up on some of our most read stories over the last few weeks. Our goal is to bring our readers up to speed on any news that adds to, changes, or increases the impact of previous topics we’ve covered. Update to: Gasoline prices stay...

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Rate of new cases falls again but rate of deaths bumps up

Rate of new cases falls again but rate of deaths bumps up

Tracking the spread and outcome of the coronavirus in Ecuador: UPDATED FOR TUESDAY, OCTOBER 13, 2020 Now in the third week since national restrictions were lifted, it appears that Ecuador continues to have incremental improvement in reducing the spread of the...

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Pandemic pushes growth of digital banking across Ecuador

Pandemic pushes growth of digital banking across Ecuador

The coronavirus pandemic, and its resulting quarantines and mobility restrictions, accelerated the use of digital services that some Ecuadorian banking institutions had already been gradually implementing. Before the COVID-19 pandemic hit Ecuador, it was estimated...

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CUENCA SHORT October 13, 2020

Court gives way to protection action to avoid fire station in Illincocha On Thursday afternoon last week, the Cuenca Criminal Guarantees Court gave way to the protection action presented in the Illincocha case, to stop a construction of the Fire Department in that...

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A hard way to learn

A hard way to learn

I have only used the space of this column to reprint a story someone else has written, three times in 4 years. But I read this article yesterday and have passed it on to many people in my circle of friends. I came to think that this is something that I should offer to...

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