Ecuador: five new taxes to finance the war against gangs. VAT will increase from 12% to 13% with the possibility of pushing up to 15% if the circumstances merit it.
Large and medium-sized businesses will have to pay a temporary security contribution of 3.25% on extraordinary utilities for the 2022 fiscal year. The tax on the outflow of foreign currencies may increase from 3.5 to 5%. Read also Ecuador: the resumption of power in secure hands welcomed by the population, despite the risks of slippage.