Overview of Ecuadorian customs duties and fees
Summary:This article provides an overview of Ecuadorian customs duties and fees. Import duties and other taxes are calculated based on the CIF price. VAT is 12% of (CIF + tariff). There's a tax threshold for goods with FOB ≤ $400 and weight ≤ 4KG, exempting customs duties and VAT but not child development fund tax. Child development fund tax is 0.5% of CIF. Consumption tax on certain goods ranges from 0% - 300% of (CIF + tariff).
[Overview]
Whether individuals or business entities are engaged in the import of goods in Ecuador, they are subject to import duties and other taxes. All import duties and fees are calculated based on the freight value, that is, the CIF price. At the same time, imported products are subject to business tax, child development fund tax, and certain products are subject to consumption tax.
[VAT]
VAT = standard VAT rate of 12% × (CIF price + applicable tariff).
[Tax threshold]
Imported goods with a FOB price of no more than US$400 and an actual weight of no more than 4KG are exempt from customs duties and VAT. However, the child development fund tax is still levied.
[Others]
Child development fund tax = 0.5% × CIF price Consumption tax: For certain specific non-essential goods, a consumption tax of 0%-300% is levied on the basis of the sum of the CIF price and the applicable tariff. The tax overview of Ecuador is not included for the time being, please follow up.