The Ecuadorian Government announcedó that the ISD is eliminated for Aerolílines that operate in the countryís, this as an advance to the agreement of Open skies with USA.
Seeking to improve competitiveness and be más attractive for Aerolídenies, The Ministry of Tourism of Ecuador announcedó that the Foreign Exchange Exit Tax is eliminated for airlinesíforeign lines operating in Ecuador.
Without further informationón aún of the legal issue for the implementationón of this proposal that seeks to return to the país más attractive for future aerolípeople who are interested in coming to the countryís, as wellén offer better conditions for current international and domestic operatorséstatic, Ecuador takes an important step towards commercial aviation development.
This measure is known to come thanks to the requirement of USA to advance in the process of signing an agreement of Open skies with the paíI know that más flights we have from Ecuador, what to allowá raise the número mámaximum of frequencies assigned per país, aerolídenies, destinations and más, to open up a wide range of options that empowersún más the connectivity with this país norteamericano.
ISD para aerolídenies
delete the Exit Currency Tax to the airídenies, a más to return to the país more competitive and attractive, to allowá to the airíline that potentially adjust their operating expenses and pass on a lower cost to users, since that additional expense of the 5% for payments abroad or for repatriating money to their parent companies, definitely, is transferred to the final passenger in the ticket cost.
This tooén benefitá the purchase of parts and spare parts that the aerosolíactivities carried out abroad, send crews to training other países, operating costs, fees paid at foreign destinations, etc.
Finally, the main benefit beingá for the user, which caná see in time the arrival ofún más aerolíneas and increased frequencies in Ecuador, what to generateá más offer in the market with potential reductionón of the rates in the freedom of the market rules.
The Presidential Decree 182 of the 2 September 2021 effective on the date of publicationón specifies:
- Set a zero percent fee (0%) of the Foreign Currency Outflow Tax on transfers, envíor transfers of currency carried out by airlinesíforeign companies authorized to operate in the countryís that have the document that proves that they have been designated by their aviation authorityáutica to operate an international service, be this passenger, cargo and mail combined, or exclusive cargo in Ecuador.
The SRI will haveá 15 días for the modificationón of the respective resolutions that allow the suspensionóISD collection number.
A good start to improve the competitiveness of the countryís, staying atún large desafíI like the unproductive EcoDelta, Q of fuel and others.
¿Lowerá the cost of tickets?
This response and resultá subject to market conditions and increase (it is expected) of supply and demand. The benefit is direct for the aerolídenies, but users don't seeán directly reflected a 5% less than the value of the ticket as long as new routes are not generated, más companies or increase in current frequencies.
Equally, in the sunéthere is no direct benefit, but it is to be expected in the medium term, an increase in the arrival of foreigners to the countryís for wholesale offer, what to seeíhas also been transferredén to the domestic flights con más users, therefore alsoécan'tíwe love to see a parallel benefit, but not relationshipódirect n with greater supply and demand for airlinesíneas locales.
