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Making the VAT

State Ecuador through the tax collecting agency, the Internal Revenue Service (IRS), is engaged for several years in the building Tax Culture in order to improve tax revenues directly and indirectly and achieve This redistribution of income for lower income citizens receive. There are several types of taxes in Ecuador, the main being the income tax, the Value Added Tax (VAT ), the Special Consumption Tax (ICE), the tax on foreign exchange outflows, Tariffs, Taxes Municipal and many others.

In a series of articles we will be reviewing one by one the main taxes in Ecuador and try to expliclar in a clear and teaching how to perform the procedures for payment of these taxes, because with the passage of time and the various tax reforms of recent years, these procedures were have done a bit complex. Let's start with one of the most important taxes, the Value Added Tax or VAT.

How to declare and pay VAT (Value Added Tax)
The value added tax or VAT has a rate of 12% in Ecuador and the percentage levied on most goods and services in the country. Are exempt from this tax a few goods such as unprocessed foodstuffs, medicines, as well as some services such as public transport, medical services and basic services like electricity and potable water.

The VAT return it has to perform on a biannual basis only when they are traded goods or services are taxed at 0% rate exclusively. If you sell goods or render services subject to price 12% / or 0% rate, the VAT return it should be done monthly.

For VAT return Monthly there are two types of forms, 104A, it must use natural persons NO required to keep accounts and do not engage in foreign trade (imports or exports). Instead form 104 you should use natural persons required to keep accounting , well as legal persons (companies).

Statement on Form VAT 104

VAT Declaration Form (Form 104)

We will review how to complete each of the 104 lockers form of payment of VAT which is the most complicated and thus how to fill out the form 104 A will be easier, since it has least squares.

MES 101 Mark with an X in the month of the declaration. (01 to January 02 for February, etc.).

102 YEAR Year of the declaration (eg 2011)

103 HALF semester if the statement is marked with an X. period of the declaration.

FORM No. 104 correcting

For this statement to replace an earlier statement the same period for any error or omission indicate the number of the original declaration form.

201 RUC RUC number of the taxpayer or withholding agent (13c digits)

202

NAME, LAST NAME AND FULL NAMES OR taxpayer id, either because social, or brand names and full names (data stated in the taxpayer's RUC)