Poultry genetic material in Ecuador began to be taxed at 12% VAT

The former president, Guillermo Lasso, made last-minute decisions that could influence the increase in the cost of chicken meat and eggs. The order to levy a 12% VAT on the import of genetic material generates an additional cost of 3 million dollars annually for the poultry sector, which will directly affect the pocket of the Ecuadorian consumer. This is warned by the National Corporation of Poultry Farmers of Ecuador (CONAVE) in a statement, which points out that the National Customs Service of Ecuador (SENAE) ignores the pronouncements of the Ministry of Agriculture and Livestock (MAG) and the Revenue Service. Internal Regulations (SRI) to apply the 0% rate of Value Added Tax (VAT) to the import of poultry genetic material. We invite you to read: “Egg production dropped by 30%” Since September 2023, the Lasso Government determined the collection of 12% VAT on the external purchase of breeding birds, material that is imported for the production of chicken meat and table eggs in ...