Ecuador’s Lasso to Present Tax Reform on First Day in Office

April 14, 2021, 2:43 PM

Ecuador’s President-Elect Guillermo Lasso will present a tax reform the night of his inauguration May 24, he said in an interview with CNN.

  • Among his proposals, he aims to scrap a 2% tax on small company sales under the logic that “if you don’t earn, you don’t pay”
  • Lasso plans to phase out the 5% currency export tax
  • He will also seek an option to reduce the 12% value-added tax on four national holidays to stimulate domestic demand and tourism
  • At the same time, he pledged to fight tax evasion, particularly among the corporate sector in which he had a...

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