Ecuador launches tax benefits to support women entrepreneurs
Ecuador has introduced a series of tax benefits to support female entrepreneurs with the enactment of the Organic Law for Promoting the Economy of Women Entrepreneurs, published in the Official Gazette on 10 March 2025. The law aims to reduce
See More
Ecuador cuts VAT on tourism services for carnival holiday
Ecuadorian President Daniel Noboa has enacted Executive Decree No. 542 on 24 February 2025, temporarily lowering the Value Added Tax (VAT) rate to 8% for tourism-related services during the Carnival holiday period from 1 March to 4 March
See More
Ecuador establishes new mining annex reporting rule
Ecuador's Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC25-00000004 of 20 February 2025, outlining the rules for the new Mining Annex (Anexo Minero). The Annex collects data on metallic and non-metallic mineral exploration,
See More
Ecuador adjusts withholding rates for large taxpayers’ self-withholding obligation
Ecuador's Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC25-00000003 of 31 January 2025, updating withholding tax rates under monthly self-withholding obligation for large taxpayers. The self-withholding obligation is a credit
See More
Ecuador announces VAT exemption for pet food from February 2025
The Ecuadorian Internal Revenue Service (SRI) announced that pet food, including nutritionally balanced dry and wet food, will be exempt from VAT on 30 January 2025. This applies to both imported and locally purchased products, as they are
See More
Ecuador updates tax haven and preferential regime guidelines
Ecuador's Internal Revenue Service (SRI) has published Circular NAC-DGECCGC25-00000002 on 21 January 2025, outlining new guidelines for identifying tax havens, preferential tax regimes, and low-tax jurisdictions. A regime or or jurisdictions
See More
Ecuador introduces rules for new payment plan under relief law
Ecuador's Internal Revenue Service (SRI) released the Resolution NAC-DGERCGC25-0000000001, on 6 January 2025, which allows taxpayers with outstanding tax balances as of 31 October 2024 to apply for an optional 12-month payment plan with interest
See More
Ecuador, UK income and capital tax treaty enters into force
The income and capital tax treaty between Ecuador and the UK entered into force 19 December 2024. Earlier, Ecuadorian President Daniel Noboa signed a decree ratifying the income and capital tax treaty with the UK on 13 December 2024. The
See More
Ecuador imposes new tax on vehicle transfers to curb money laundering
Ecuador has enacted the Decree Law on the Organic Law for Improving Tax Collection through Combating Money Laundering on 10 December 2024. The Law introduces a new tax of up to 5% on used vehicle transfers, which must be paid by buyers, including
See More
Ecuador ratifies tax treaty with UK
Ecuadorian President Daniel Noboa signed a decree ratifying the income and capital tax treaty with the UK on 13 December 2024. The agreement aims to avoid double taxation on income and capital gains between the two countries. It will apply to
See More
Ecuador enacts tax relief measures law, includes tax credit for companies expanding their workforce
Ecuador introduced the Organic Law for Financial Relief and Economic Strengthening of Generations on 9 December 2024, which took effect on the same date. This legislation includes several key measures which includes an income tax credit for
See More
Ecuador to keep higher VAT rate in 2025
Ecuador’s President Daniel Noboa has signed Executive Decree No. 470 on 4 December 2024, extending the 15% VAT rate increase through 2025. The VAT rate has been increased from 12% to 15% under the Organic Law to Confront the Internal Armed
See More
Canada, Ecuador conclude fourth round of FTA negotiations
Ecuador’s Ministry of Production, Foreign Trade, Investment, and Fisheries announced that Ecuador and Canada have successfully concluded their fourth round of negotiations for an FTA on 25 October 2024. This meeting, which took place in person
See More
Ecuador: Tax Authority updates electronic invoicing regulations amid energy crisis
In response to the national energy crisis, the Ecuadorian Tax Authority (SRI) has issued Resolution NAC-DGERCGC24-00000035, amending the rules for the transmission of electronic invoices. Taxpayers must transmit electronic invoices to the Tax
See More
Ecuador to reduce VAT for tourism services in November
Ecuador has announced a temporary VAT reduction on tourism-related services, lowering the rate from 15% to 8% from 1 to 4 November 2024. This initiative aims to promote tourism during the upcoming national holidays. The measure, outlined in
See More
Ecuador cuts VAT on electric generators
Ecuador has recently implemented a Value Added Tax (VAT) cut on electric generator imports and local sales as part of a comprehensive strategy addressing the national energy crisis resulting from extended periods of drought that have adversely
See More
Ecuador mandates new reporting requirements for final beneficiaries and corporate composition
Ecuador's Internal Revenue Service (SRI) has introduced Resolution NAC-DGERCGC24-00000033, outlining the Report of Final Beneficiaries and Corporate Composition (REBEFICS) requirements. It mandates all Ecuadorian companies, as well as foreign
See More
Ecuador clarifies invoice, VAT rules for land transport services
Ecuador's Internal Revenue Service (SRI) has issued Circular NAC-DGECCGC24-00000005 on 15 August 2024, clarifying the requirements for invoices and receipts related to land transport services, particularly concerning the deduction of costs and the
See More