Beer in Ecuador - New Market Study Published
At the end of 2011, the way alcoholic drinks were taxed through ICE (tax on special goods) changed; in addition to 75% ad valorem tax, a specific tax per litre was established. In 2012, the specific tax was set at $6.00 per litre of pure alcohol for every alcoholic drink. Also, in June 2012, a new tax on imports, levied by COMEX, charged an additional 1% ad valorem tax and US$0.25 per percentage of alcohol. This increased prices by 100%,...
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