In Ecuador oil business downturn, a decline in income tax into

Updated: October 20, 2015  Views: 49

Ecuador << Express >> October 19 reported that Ecuador Taxation Office (SRI released the latest data show that from January to September this year, Ecuador tax revenues totaled $ 10.995 billion, up 9% over last year. However, international oil prices this year sustained downturn, the oil industry downturn, leading oil companies to pay income tax in Ecuador only $ 52 million, down 10%.

In addition, since March of this year, the Government of Eritrea to maintain the balance of international trade, more than 2,900 kinds of commodities began to increase 5% -45% of the special tariffs, lower part of the demand for imported goods, affected, special consumption tax for imported goods, VAT appear respectively 17% and 6% decline, foreign exchange remittance tax also fell by 6% this year as of September, Eritrea trade deficit has reached $ 1.4 billion.


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