After approvalón of the changes to the Tourism Law of Ecuador, show upán a series of benefits to both the airlinesías well as passengers.
The 22 march 2024, The National Assembly of Ecuador approvedó a series of modifications to the Tourism Law of the countryís, this with the aim of providing better conditions for the development of the sector as well asén make the país más competitive, In this installment we will review the direct benefits for the aviation industry.ón.
Tourism Law wins the airlinesílines and passengers
The Tourism Law, approved by the National Assembly of Ecuador, brings benefits to the airlinesíneas and passengers throughés of the reductionón of the Tax on Foreign exchange outflow (ISD) and the price of fuel.
Of course it is thaté, if tourism grows, spaghettiéaviation growsón and vice versa, since they are highly dependent industries, but on this occasionón isá seeking to give a new impetus to our decadeífrom the aeronautics industryáutica, that in this 2024 has had máIt's bad news than good news.
No ISD for Aerolsídenies
This topic is not new, since the eliminated from isdó previously for the Aerolíforeign lines, but on this occasionón expands, it was time, for alsoén Ecuadorian companies.
The exonerationón of the Tax on Foreign Exchange Outflow (ISD) in payments made abroad by airínational and foreign lines that operate within, to and from Ecuador and that they have the document that proves that they have been designated or the operating permit.ón issued by the aero authorityáutica to exploit services at a national or international level.
This reductionón allowá in Ecuador to be más competitive in the regionón and alsoén that the companies that hereí operate and obtain better benefits from their operationón aéarea in the país.
QB fuel tax reduced
I have been talking about this topic for a while now.ñthe how one of the ways to reduce the price of tickets in Ecuador, since the charge goes directly to the price that passengers pay on international flights.
¿To whaté I mean? This is known as the QB tax, which is an additional value to the 5% for fuel cost, which was implemented when the value of petróI read overtakesó the $140 per barrel, and today it continues to be charged regardless of the value of the fuel, directly affecting the consumer.
La eliminationóprogressive n of the tax 5% a la expeditionón of fuel enshrined in art. 31 of the Aviation Lawón Civil. The reductionóto beá from one percentage point toñor until reaching the 0%.
The effect will not be feltá más that a 1% al añO, but it undoubtedly represents something positive for passengers, since alsoén since April we will have to pay 3% for VAT.
¿Whaté These measures seem to you and there will beíto something máI know what to do?
