Ecuador’s tax authority now requires annual filings for taxpayers exceeding the foreign currency outflows tax (ISD) exemption on card transactions, including retroactive payments from 2022 to 2024.
Ecuador’s Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC25-00000009 on 20 May 2025, introducing new filing requirements for the annual cumulative return of the foreign currency outflows tax (ISD).
The rules apply to individuals and entities that exceeded the annual ISD exemption threshold for credit and debit card transactions where ISD was not withheld.
While ISD is generally withheld by financial institutions, an exemption applies if such transactions do not surpass USD 5,000 annually, with the threshold adjusted every three years based on changes in the consumer price index.
Taxpayers meeting the criteria must file the return and pay ISD by April of the subsequent year.
The exact deadline is determined by the ninth digit of their tax identification number (RUC), which ranges from 10 to 28 April. If the due date falls on a non-working day, the deadline is moved to the next business day.
The Resolution also requires payment of ISD for unreported credit and debit card transactions from 2022 to 2024. These payments must be made on a cumulative annual basis using a multiple payment form by 30 June 2025.
