Government Reduces VAT and ISD for the Import of Electrical Equipment to 0 %
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4 Articles
With Executive Decree 530, the Executive seeks to reduce machinery and components for thermal generation, renewables and Energy Autonomous Districts
Quito, Nov 11 (Latin Press) Ecuador's president, Daniel Noboa, today eliminated the Value Added Tax (VAT) and the Tax on the Departure of Foreign Exchanges (ISD) for the import of goods destined for the electrical sector. The post Ecuador eliminates tax on imports for electricity generation first appeared on Noticias Prensa Latina.
The purchase and import of equipment, machinery, materials and infrastructure for the electrical sector will have a rate of 0% of the Value Added Tax (VAT). Likewise, the imports of these goods will not pay the Tax on the Departure of Foreign Exchanges (ISD), which today is 5%. Thus it was arranged in a new... The entry Import of electrical equipment will have VAT and ISD of 0% was first published in Diario El Mercurio.
Executive Decree 530 establishes zero rate of VAT and ISD for the purchase and import of machinery, equipment and inputs intended for the generation of the grid. The measure also allows deduction of VAT paid during 2026, under certain conditions.
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