Short answer: With these figures and a rate of 15%, the taxable base is $100,00, the VAT is $15,00 and the total to pay is $115,00.
The preloaded values are an example: replace them with your own figures.
Total with VAT
With these figures and a rate of 15%, the taxable base is $100,00, the VAT is $15,00 and the total to pay is $115,00.
Quick table at the 15% rate
| Price before VAT | VAT (IVA) | Price with VAT |
|---|---|---|
| $10,00 | $1,50 | $11,50 |
| $50,00 | $7,50 | $57,50 |
| $100,00 | $15,00 | $115,00 |
| $500,00 | $75,00 | $575,00 |
| $1.000,00 | $150,00 | $1.150,00 |
Results are for reference only and are not actual figures. Values depend on the country, the financial institution, taxes and current laws, and must be validated with an authorized financial institution. Banco.guru is an educational guide to what can be achieved; it does not offer products or personalized financial advice.
Tips for using this result
- Check the SRI listing to see whether your good or service has a 0% or 5% rate.
- On the invoice, VAT must appear separately from the taxable base.
- To remove VAT, don’t subtract 15%: divide by 1.15.
- The rate can change by executive decree; always confirm at sri.gob.ec.
What is the VAT rate in Ecuador?
The current standard rate is 15%. The Internal Revenue Service (SRI) confirmed this in Circular NAC-DGECCGC25-00000006: if there is no executive decree changing the standard rate, the last one set (15%) remains in force. Article 65 of the Internal Tax Regime Law allows the President to set it between 13% and 15%. There is also a 0% rate for goods and services listed in the law and a 5% rate for construction materials.
How is it calculated?
- Add VAT: total = base × (1 + rate). At 15%: base × 1.15.
- Remove VAT: base = total ÷ (1 + rate). At 15%: total ÷ 1.15.
- VAT: total − base.
Example: $100 + 15% VAT = $115. And if a final price is $115, the base is $100 and the VAT is $15. Subtracting 15% from $115 would give $97.75, which is incorrect.
Sources: SRI, Value Added Tax (IVA) and Circular NAC-DGECCGC25-00000006; Internal Tax Regime Law, art. 65. Which rate applies to each good or service depends on the law and SRI criteria: check your case or consult an accountant.
Frequently asked questions
Is VAT in Ecuador 12% or 15%?
The current standard rate is 15%, according to the SRI. 12% was the previous rate.
How do I take VAT out of a price that already includes it?
Divide the price by 1.15 (if the rate is 15%). The result is the taxable base; the difference is the VAT.
Which products have 0% VAT?
Those listed in the Internal Tax Regime Law, such as certain foods in their natural state. The SRI publishes criteria and circulars; check your case.
Who applies the 5% rate?
Transfers of construction materials, according to current regulations.
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