Recent News

The Internal Revenue Service of Ecuador Returned Value Added Tax Paid by Tourists

Technicians of the Ministry of Tourism, the Internal Revenue Service-SRI-the Ministry of Industry and Productivity and the Ecuadorian Customs Corporation, progress in implementing the operational process to start in Ecuador with the return of the VAT Added Tax (VAT) paid by foreign tourists during their stay in the country have contracted tourist accommodation and / or purchased domestically produced goods, and bring it to your return. Under this process, the Department of Regulation and Control of the Ministry of Tourism issued to SRI in the next few days, the Tourist Establishments Cadastre to register the same in this project. When the team is defining the need to create a Point Tourist Assistance to comply with the return. This new incentive, driven by the Government of the Citizen Revolution to support the development of tourism … [Read More...]

 

Investment Act Recognizes the Potential Economic Benefits of Direct Foreign Investments

Investment Act recognizes the potential economic benefits of (Direct Foreign Investments) , such as employment generation, increasing and diversifying exports, development of appropriate technologies and the integration of national economies into the global economy. In this Act is declared as a national priority to investment in productive sectors and services. The law establishes a National Investment Promotion, which is a system of rules and public and private institutions dealing with policies and issues related to the participation of foreign companies in the Ecuadorian economy. Foreign investments may be made in all sectors of the economy, without restriction or prior authorization MICIP or any agency of the State, except those related to strategic areas of the state, for which authorization is required of the entity for the area … [Read More...]

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