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Ecuador cuts VAT to 12%

  • VAT
  • 05 June 2017 | Richard Asquith

Ecuador cuts VAT to 12%

Ecuador has returned its VAT rate from 14% to 12% on 1 June 2017.

The country temporarily raised it to 14% in 2016 to help raise extra funding in the wake of an earthquake.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.