The Internal Revenue Service of Ecuador published Resolution NAC-DGERCGC13-00011 on 24 January 2013. Resolution NAC-DGERCGC13-00011 modifies Resolution NAC-DGER2008-0464 on transfer pricing reporting requirements.
According to Resolution NAC-DGERCGC13-00011 when the amount of transactions between domestic and/or foreign related parties exceeds in the aggregate USD 3 million in the same fiscal year, taxpayers will have to file a schedule of transactions with related parties (previously, this was applicable only for transactions between foreign related parties. A paper and electronic version of the transfer pricing report will have to be submitted to the tax authorities (previously, this was not specified).
