On 20 February 2020, the Internal Revenue Service published a Resolution NAC-DGERCGC20-00000013 of 20 February 2020 regarding rules of how to distribute the dividend withholding tax (WHT) by a resident company or a permanent establishment in Ecuador to a natural person resident in Ecuador or to a non-resident entity conditioning the ultimate beneficiary is a natural person resident in Ecuador. According to the new rules, the withholding tax amount is 40% of the dividend income. Under the new rules, the following progressive rates on the basis of taxable amount are given below:
| Dividend Income (in USD) | WHT rates (in %) |
| Up to USD 20,000.00 | 0% |
| USD 20,000.01 to 40,000.00 | 5% |
| USD 40,000.01 to 60,000.00 | 10% |
| USD 60,000.01 to 80,000.00 | 15% |
| USD 80,000.01 to 100,000.00 | 20% |
| More than USD 100,000.01 | 25% |
