FACTIBILIDAD FINANCIERA DEL SECTOR DE LA CONSTRUCCIÓN E INMOBILIARIO CON EL ACTUAL Y POSTSISTEMA DE SALVAGUARDIAS E IMPUESTOS EN ALQUILER Y VENTA DE EQUIPOS PESADO

Abstract

With the oil price`s collapse at the end of 2014, the Ecuadorian State announced the application of tariff surcharges in 2015. According to Resolution No. 011-2015 of the Ministry of Foreign Trade, this tariff surcharges are temporary and non-discriminatory, and its goal is to regulate imports at a general level. This resolution was in force from March 2015 until May 31, 2017. In the resolution, it is mentioned that the surcharges will be additional to the applicable tariffs that are in force. The tariff surcharges range between 5% and 45% according to the type of products. They will be taxed from raw materials which are not essential for the industry to final consumer goods. One of the subheadings that was analyzed was the no. 40116300 which is about the ones used in vehicles and machines for industrial construction (Ecuador, 2015). Since the beginning of the safeguards its tariff rate went up to 45%, significantly affecting the construction and real estate sector.