HOW THE ECUADORIAN TAX ADMINISTRATION (SRI) FORMULATED A TAX ASSESSMENT ON EXPORTADORA BANANERA NOBOA FOR THE YEAR 2005, THE EMPLOYER OF ALVARO NOBOA, PRESIDENTIAL CANDIDATE IN ECUADOR RUNNING AGAINST RAFAEL CORREA



spacerExportadora Bananera Noboa within the tax assessment procedure made by the Ecuadorian Tax Administration (SRI) for 2005, delivered complete and accurate information regarding export costs of not ripened banana (green) from Ecuador and paid in full its income taxes for 2005.

Nevertheless, the Ecuadorian Tax Administration (SRI) requested information from Exportadora Bananera Noboa regarding costs occurring all along the commercial chain until ripened fruit (yellow) reaches supermarket shelves in different parts of the world. This information is impossible to obtain since Exporter’s business is to sell not ripened fruit, fob Ecuador (Free on Board). This is how the Ecuadorian Tax Administration (SRI) perpetrated this absurdity:

 

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With the wrong methodology applied by the Ecuadorian Tax Administration (SRI) for the year 2005, an income “adjustment” is determined of $226,288,018 forgetting key costs (see graph) which is equivalent to Exportadora Bananera Noboa making over 100% on sales. Once again, how absurd.

This unfair, illegal and disproportionate treatment is reserved by the Ecuadorian Tax Administration (SRI) strictly for Exportadora Bananera Noboa and not against any other banana exporters many of which have a similar sales volumes and received tax assessments one hundred times smaller.

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This is how it has been perpetrated this unfair tax assessment on Exportadora Bananera Noboa, on fictitious values, wrong methodology and denying us the opportunity to prove all the mistakes made by the Ecuadorian Tax Administration (SRI) against Exportadora Bananera Noboa.

Mr. Alvaro Noboa ran for President of Ecuador on three occasions against Rafael Correa.

 

Ab. Roberto Ponce Noboa

Legal Representative

EXPORTADORA BANANERA NOBOA

 

Dr. Juan Vizueta

Lawyer

EXPORTADORA BANANERA NOBOA

 

Contact: Ab. Roberto Ponce – Mobile: (954) 830-3603 – rpnoboa@hotmail.com

 

miamiherald


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