Taxes
Ecuador has no fuel-specific taxes; the only tax charged on fuel sales is value added tax (VAT). of March 15, 2024, modified the general rate of VAT from 13% to 15% for 2024, effective April 1, 2024.
of July 11, 2024, reduced to 0% the rate applicable to imported fuels derived from hydrocarbons, biofuels, liquefied petroleum gas and natural gas in Ecuador. This measure would encourage the import and consumption of fossil fuels in Ecuador, by eliminating fiscal barriers.