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Ecuador Clarifies Deductibility of Promotion and Advertisement Expenses for Highly Processed Foods

|Approved Changes|Ecuador
Ecuador

On 5 March 2015, a resolution was published in Ecuador's Official Gazette clarifying the deduction limits for expenses related to the promotion and advertisement of highly processed foods. The limit was included in the Organic Law to Promote Production and to Prevent Tax Fraud published on 29 December 2014, but the law did not include exact details.

According to the recently published resoluti…

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