This mechanism allows the tax to be waived at the time of purchase in more than 400 establishments nationwide.
Currently, fewer than 5,000 people age 65 and older (older adults), within a universe that exceeds 1 million older adultshave applied to the mechanism of automatic VAT refund.
This mechanism allows them not to be charged the tax when they carry out shopping of goods and services, for personal use or consumption, through electronic invoicing. Thus, they avoid going through the entire claim process and waiting, in some cases, for up to 2 months to get the money back. VAT.
In other words, instead of paying the tax, and then waiting for a refund, you can streamline the entire process and ask us to collect the VAT at the same time of consumption.
One of the limitations is that it can only be applied to this benefit in the 438 commercial establishments authorized throughout the country by the Internal Revenue Service (SRI). To find out what these establishments are, you can consult this link.
Also, since January 2021, the maximum monthly amount of VAT refund it is $96. However, this value, in many cases, serves to reduce, at least in part, the high cost of medicines that older adults have.
How can I request the automatic return?
First of all, you must fill out the automatic channel registration request for the VAT refund and generation of the confirmation code.
Secondly, the original of the citizenship card or identity of the older adult must be presented.
Thirdly, the user password must be obtained to access the SRI online at www.sri.gob.ec.
The request can be signed and presented by a third person, but for that it is necessary: Original and copy of the deed of power that authorizes the third person to act on behalf of the older adult; presentation of the original of the citizenship or identity card and voting certificate of the third party.
When you already have the approval and the confirmation code, the process for the immediate VAT refund is the following:
1.- Go to an authorized commercial establishment
2.- Buy goods and services for personal consumption
3.- Approach the payment box and give the cashier the confirmation number assigned by the SRI.
4.- The invoice is issued without VAT
More than 4 million VAT refunds in the last year
According to information from the Ministry of Economy, as of December 10, 2021, $4.5 million were transferred for VAT returnsboth by the traditional mechanism and by the automatic one.
It is progressing with returns that have been notified until the middle of the
January 2022. For this, the Ministry disbursed an additional 1.8 million to the SRI during February 1, 2022.
The authorities have recognized delays in responding to the requirements of citizens, but it is assured that this situation occurred in part because the new technological system implemented has had intermittence and is in the stabilization phase.
“In accordance with tax regulations, priority groups (older adults Y
persons with disabilities) have the right to VAT refund paid for your purchases of essential goods and/or services. This right is fully in force. It has not been reformed or eliminated,” the Ministry of Economy pointed out in a statement in response to messages on social networks denouncing that the Government had eliminated the benefit. (JS)
IT MAY INTEREST YOU:
What do you need to donate for those affected by the flood in Quito
