On 24 November 2022, the government of Ecuador submitted a draft bill in the National Assembly that provides incentives for audiovisual and energy sectors. The incentives include:
- A remittance tax exemption on expenditures occurs for carrying out audiovisual production activities in Ecuador, with payments for the importation of goods and equipment related to the activity and on service payments to non-residents providing related audiovisual services; An exemption from remittance tax on payments for carrying out audiovisual production activities in Ecuador including payments for the importation of goods and equipment related to the activity and on service payments to non-residents who provide related audiovisual services.
- For non-residents providing payments to audiovisual services a withholding tax exemption on service. Exemption on withholding tax made on service payments to non-residents providing audiovisual services
- A withholding tax exemption on service payments to non-residents providing audiovisual services; and
- Exemption from VAT applies to qualifying digital services used for the pre-production, production, post-production, and distribution of national audiovisual content.
The draft bill also provides a 10-year income tax exemption for qualifying investments in non-conventional renewable energy generation and natural gas industrialization.
- For VAT exemption on qualifying digital services used for the pre-production, production, post-production, development, and distribution of national content.
- A fee tax exemption on payments made for carrying out audiovisual production activities in Ecuador, including payments for the importation of goods and equipment related to the activity and on service payments to non-residents providing related audiovisual services.
