On 11 October 2017, according to a press release, Ecuadorian President Lenin Moreno proposed some economic measures with tax reform plan. Key issues of this proposal are following:

    • corporate tax rate will increase to 25% from 22%,
    • advance income tax payments obligation will not apply for small companies with revenue not more than 300,000 USD,
    • small companies will be exempt from corporate income tax for first 2 years,
    • small companies may enjoy tax exemption benefit up to USD 11,000,
    • 5 year tax exemption will available for repatriated capital.

The measures will be approved by the National Assembly before entering into force.