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Ecuador , Thursday 15 October 2026

Ecuador lowers taxes on capital sent abroad, guns

Published on: Tuesday 10 January 2023

Ecuador lowers taxes on capital sent abroad, guns Ecuador will lower taxes on capital sent abroad and items like alcohol and trim overall value-added tax on specific shopping days this year, President Guillermo Lasso said on Tuesday. Capital sent abroad will this year be taxed at 2%, instead of 4%, Lasso said in a televised address, making imported products like machinery cheaper and attracting foreign investment. Sales tax will be cut to 8% from 12% during four long weekends this year, Lasso, a conservative former banker, added, and taxes on sugary drinks, beer, alcohol and other items will also fall an unspecified amount.


News source: https://finance.yahoo.com/news/ecuador-lowers-taxes-capital-sent-020251111.html

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