On 20 February 2024, the Ecuador Internal Revenue Service (SRI) amended Resolution No. NAC-DGERCGC15-00000052 through Resolution No. NAC-DGERCGC24-00000007. As per the amendment, the tax authority included the following countries and territories as tax havens, i.e., Albania, Armenia, Georgia, and Gibraltar. The list of the countries and territories considered tax havens is as follows:
Albania, Ascension Island, Andorra, Angola, Anguilla, Antigua and Barbuda, Armenia, Aruba, Azores Island (Portugal), Bahamas, Barbados, Bahrein, Belize, Bermuda, British Virgin Islands, Brunei Darussalam, Cabo Verde, Campione d’Italia (Italy), Cayman Islands, Cook Islands, Curaçao, Christmas Islands, Dominica, French Polynesia, Georgia, Gibraltar, Greenland, Grenada, Guam, Guernsey, Guyana, Hong Kong, Isle of Man, Jersey, Jordan, Liberia, Kiribati, Kuwait, Labuan (Malaysia), Macao, Madeira (Portugal), Maldives, Marshall Islands, Mauritius, Monaco, Montserrat, Myanmar, Nauru, Nevada (United States), Nigeria, Niue, Norfolk Island, Oman, Panama, Puerto Rico, Qeshm Island (Iran), Salomon Islands, Samoa (US), West Samoa, Sri Lanka, St. Helena and Tristan da Cunha, St. Kitts and Nevis, St. Lucia, St. Martin, St. Vincent and the Grenadines, Seychelles, Swaziland, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turks and Caicos, Tuvalu, United Arab Emirates, US Virgin Islands, Vanuatu, Yemen.
