Back to school: What school supplies will increase in price with the VAT increase? – 2024-04-09 17:05:12

2024-04-09 17:05:12

Las classes are approachingand the parents begin to prepare the pockets for the expense that is coming, because if before sum of cost of the tuition, uniforms and school supplies was high, now that value will go up a little more due to the VAT increase.

He April 1st the rise of the IVA, what happened from 12% al 15%. This clashes with the start of classes in the Coastal and Galapagos Regime, since it complicates the budget of the parents, since despite the fact that both enrollment Like the books they remain as always with IVA 0%, School supplies do not suffer the same fate.

Most of the articles that schools and colleges they ask for in their lists of supplies they tax IVA, because only the bond paper, newsprint and books They are those that appear detailed in the articles 55 y 56 of the Internal Tax Regime Law as school supplies that they do not pay this tax.

While the prices of the articles more common those on the back-to-school lists will be affected by the 3% VAT increase as:

1. Notebooks
2. Pencils and pens
3. Flipcharts
4. Fomix
5. Cardboard
6. Goma
7. Scissors
8. Leaves
9. Folders

So he increase will vary between 0.60 cents and $1.5 per each article.