New Market Research Report: Wine in Ecuador
The tax on special goods (ICE) was increased at the end of 2011; aside from a 75% ad valorem tax, a specific tax per litre was established. The specific tax was US$6.00 per litre of pure alcohol in 2012. This was applied to every product type in alcoholic drinks. Furthermore, in June 2012, a new tax on imports, levied by COMEX added 1% ad valorem tax and US$0.25 per percentage of alcohol. The increase in ICE made pricing and taxes...
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