According to the Ecuadorian media, LAs sales in Ecuador reached US $ 18,678 million in January 2025, which represents an increase of 11.8% compared to the same month of the previous year.
The Internal Revenue Service (SRI) attributes part of this growth to the impact of the temporary reduction of the tax to added value (VAT) during the New Year holiday, which was in force until January 5 and had a rate of 8%seven points less than standard VAT. According to Damián Larco, director of the SRI, sectors such as trade, manufacturing, tourism, and agriculture experienced the highest growth in sales.
On the other hand, the SRI reported a significant tax collection in the first two months of 2025, reaching US $ 3,386 million, which implies a 20.3% increase compared to the same 2024 period. This increase is especially notorious in VAT, which reached US $ 1,872 million, 27.9% more than in 2024. This occurs in a context where VAT will rise to 15% from April 2025, with the expectation of generating additional income of US $ 1.3 billion annually.
The income tax also experienced an year -on -year growth of 10%, reaching US $ 995 million. Meanwhile, the foreign exchange tax, ISD, It showed a considerable increase of 38.1%, totaling 238 million.
