Spirits in Ecuador - New Market Research Report
The taxation structure was completely changed between November 2011 and mid-2012, as the government tried to increase its control on imports and reduce its trade deficit. Besides a 75% ad valorem tax, a specific tax (US$6.00 per litre of pure alcohol) was established. In June 2012, COMEX levied an additional 1% ad valorem tax plus US$0.25 per percentage of alcohol on every imported alcoholic drink. These changes strongly affected sales of spirits, which has the most imported products in the...
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