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President Noboa maintains Currency Outflow Tax (ISD) at 3.5% until December 2024

Published on January 02, 2024
In a recent decision, President Daniel Noboa has opted to uphold the Foreign Exchange Outflow Tax (ISD) at 3.5% until December 2024, diverging from the earlier plan to reduce it to 2%. The decision was formalized through Decree 98, signed on December 29, 2023, contradicting the commitment made during the electoral campaign to decrease the tax.

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