Carnival holiday will be the first with temporary VAT reduction in Ecuador (and other news in a summary to start the day)

The Confederation of Restaurants of Ecuador, which brings together more than 2,000 businesses, works around the clock to adjust the accounting systems of its members. For four days, the value added tax will drop from 12% to 8% in the products and services of this sector.

On another issue, among three consortiums, the Prefecture plans to award a contract for the Guayas river dredging, at the height of the El Palmar islet, in Guayaquil. The work would last about two years for an approximate cost of 47 million dollars.

Regional weather forecast for this Thursday, February 24 in Ecuador

First holiday arrives with VAT of 8% to attract reactivation

There are four days contemplated for establishments or businesses, within the tourism sector, to apply the reduction of the value added tax (VAT), from 12% to 8%, in products or services during the carnival holiday, from this Saturday until March 1.

Carnival holiday: the state of the beaches in Ecuador, are there capacity restrictions?

Dredging of the Guayas River defined

The Guayas River accumulates a large amount of sediment that not only complicates navigability, but also increases the risk of flooding. The goal is to remove 6.28 million cubic meters of accumulated material. Three consortiums have entered this final stretch: El Palmar consortium; Dragando Por Guayas consortium and Dragado El Palmar consortium.

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Several public works in Guayaquil are not ready despite the fact that their delivery deadline was met

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How to handle a phone extortion?

A few years ago, Unase, a National Directorate specialized in solving kidnapping and extortion cases, told the public that this type of scam attempts were becoming more recurrentas well as the increase in its victims.

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