The National Assembly of Ecuador issues a draft bill with number of following new tax incentives:
- 8-year tax exemption for investments in Quito and Guayaquil;
- 10-year tax exemption for investments in priority activities outside of Quito and Guayaquil;
- Up to 20 years tax holidays for investments in the Amazon region and border areas;
- 10-year tax holiday for special development zones administrators/operators, for next 10 years with a reduced tax rate by 10%;
- 8% tax rate on gains from the direct or indirect transfer of shares;
- 100% allowable deduction for promotion and advertising expenses for the export and tourism sectors.
