|Compliance Alert - Rates of the Special Consumption Tax are established for 2024
The Internal Revenue Service of Ecuador (SRI) has published Resolution No. NAC-DGERCGC23-00000038, establishing the specific rates of the Special Consumption Tax (ICE), applicable for the fiscal year of 2024. -
The Internal Tax Regime Law provides that the specific rates will be adjusted annually and cumulatively based on the annual variation of the consumer price index (general CPI) as of November of each year, prepared by the competent public body.
The specific rates indicated in article 82 of the Law of Internal Tax Regime, which will apply to calculate the ICE excise tax in the 2024 fiscal period and the products affected by ICE are specified in the table below:
|Specific rate in force for 2024
|US$ 0.16 per unit
|Alcohol (use other than alcoholic and pharmaceutical beverages) and alcoholic beverages
|US$10.15 per liter of pure alcohol
|US$1.52 per liter of pure alcohol
|US$13.28 per liter of pure alcohol
|Non-alcoholic drinks and soft drinks with sugar content greater than 25 grams per liter of drink, except energy drinks.
|US$0.18 per 100 grams of added sugar
|US$0.08 per plastic sleeve
This Resolution will come into force upon its publication in the Official Registry on 26 December 2023 and will be applicable as of January 1, 2024.