The National Assembly of Ecuador announced a project that contains a tax incentive in the Organic Law for the Restructuring of Debts of Public Banks and National Financial Sector, on 20 March 2017. In accordance with the project, entities resulting from the merger of savings and credit cooperatives will have an income tax exemption of 5 years as from the date of the merger, provided certain requirements are met.
US: White House begins NAFTA renegotiate process
Related Posts
US, Ecuador sign reciprocal trade agreement
The US Trade Representative (USTR) Jamieson Greer and Ecuadorian Minister Luis Alberto Jaramillo signed a reciprocal trade agreement opening Ecuador's market of over 18 million consumers to American agricultural and industrial exports on 13 March
Read MoreEcuador updates withholding tax rates, approves ethics code
Ecuador’s Tax Authority (Servicio de Rentas Internas) has issued Resolution No.NAC-DGERCGC26-00000009, updating the country’s income tax withholding framework. The Resolution, effective from 1 March 2026, replaces the previous rules under
Read MoreEcuador temporarily lowers VAT on tourism services
Ecuadorian President Daniel Noboa has enacted Executive Decree 304 on 12 February 2026, temporarily lowering the Value Added Tax (VAT) rate from 15% to 8% during the Carnival holiday to encourage domestic tourism and support economic
Read MoreEcuador: SRI updates income tax self-withholding rates for large taxpayers
Ecuador’s Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC26-00000003 of 27 January 2026, updating the income tax self-withholding rates that apply to companies classified as “Large Taxpayers”. The revised rates form
Read MorePanama ratifies tax information exchange agreement with Ecuador
Panama has ratified its first tax information exchange agreement (TIEA) with Ecuador through Law No. 508, published in the Official Gazette on 13 February 2026. Key highlights include the formal approval of a tax information exchange agreement
Read MoreEcuador: SRI updates mining activities information form submission deadlines
The Internal Revenue Service (SRI) issued ResolutioNAC-DGERCGC26-00000001 on 9 January 2026, amending Resolution NAC-DGERCGC25-00000004 to update the submission schedule for the “Formulario Informativo Actividades Mineras” (Mining Activities
Read More