Cars in Ecuador are more expensive compared to neighboring countries

Posted on October 17, 2011 • Filed under: Economy, Ecuador

he tax on vehicles grew by more than 5% in this government.
Although there was only an increase of 35% to 40% tariffs on imported cars that exceeded 1,900 cubic inches in December 2010, the increase in practice was about 11% because it had a cascading effect on taxes : Special Consumption Tax (ICE) and Value Added Tax (VAT). According to the Automotive Business Association of Ecuador (SFDA), by the time the cars are the goods most taxpayers. Read Article

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