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The Internal Revenue Service of Ecuador, will return the Value Added Tax paid by Tourists
Technicians of the Ministry of Tourism, the Internal Revenue Service -SRI-, the Ministry of Industries and Productivity and the Ecuadorian Customs Corporation, move forward in the implementation of the operating process, to start in Ecuador with the refund of the Value Added Tax (VAT) ), paid by foreign tourists who during their stay in the country have hired tourist accommodation services and / or acquired goods produced at the national level, and take them with them upon their return.
Within this process, the Department of Regulation and Control of the Ministry of Tourism will deliver to the SRI, in the coming days, the Cadastre of Tourist Establishments for the registration of the same in this project. At the moment the team is defining the need to create a Tourist Service Point to meet the return.
This new incentive, promoted by the Government of the Citizen Revolution to support the development of tourism activity in Ecuador, is contained in Decree No. 374 of May 28, 2010, which promulgates the Regulation for the Application of the Law of Internal Tax Regime.
The aforementioned regulation establishes, in Chapter V, article 182 on the Return of Value Added Tax, that “foreign tourists who, in accordance with the provisions of the Tourism Law, during their stay in Ecuador have hired accommodation services tourist and / or acquired goods produced in the country and take them with them when leaving the country, will be entitled to the refund of VAT paid for these acquisitions, provided that each invoice has a value of not less than fifty United States dollars. America US $ 50.00. ”
For which, as provided in its second subparagraph, the “Revenue Service, by resolution, will define the requirements and procedures to apply this benefit, and establish the parameters for the deduction of the amounts corresponding to the administrative expenses demanded by the process of the return of VAT to foreign tourists “.