Information about Ecuador Minimum wage and taxes.

The minimum wage in Ecuador is set at 400 USD (dollars) as of 2021. The minimum wage applies to all workers in Ecuador. Taxes in Ecuador consist of income tax, value added tax (VAT) and social security premiums. Income tax rates vary depending on the amount of income earned in Ecuador. As of 2021, the following rates apply: - 0% tax on income between 0-11,275 USD - 5% tax on income between 11,275-14,218 USD - 10% tax for income between 14,218-17,161 USD - 12% tax for income between 17,161-20,104 USD - 15% tax for income between 20,104-35,599 USD - 35% tax on income above 35,599 USD Value added tax (VAT) is a tax on consumption in Ecuador. The standard VAT rate is 12%, but different rates such as 0% or 14% may apply for some products and services. Social security premiums are a system of premiums shared between employees and employers in Ecuador. Premium rates are calculated based on the employee's gross salary and include social security services such as insurance, retirement and health. This information is provided to provide general information. Tax and minimum wage policies in Ecuador may change from time to time, so it is important to check with local tax authorities or experts for up-to-date information.

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