Mayor of Quito proposes debt termination and tax remission: what does this measure imply?

El Universo

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Ecuadornews: The mayor of Quito, Pabel Muñoz, presented on Monday, February 10, a proposal that, he said, will alleviate the economic burden of thousands of families in the capital. The initiative contemplates the extinction of municipal debts and a process of tax remission.

ecuadorendirecto.com

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The proposal of the Municipality to reduce taxes must receive the approval of the Metropolitan Council of Quito. The mayor of Quito, Pabel Muñoz, reported a reduction in the tax debts of the Municipality through an ordinance aimed at alleviating the economic situation of the inhabitants. Benefit for debtors Thanks to this measure,