Ecuador: introduces anti-abuse provision on loans to shareholders
Under new legislation loans made by Ecuadorian companies to non-resident shareholders are treated as dividends and therefore subject to Ecuadorian withholding tax. The applicable domestic withholding tax rate on dividends is limited to the
See MoreEcuador: Changes to corporate income tax
Generally Ecuadorian companies are subject to a 22% rate of corporate income tax. In accordance with the new law, if more than 50% of the company is owned by non-resident shareholders that are resident in “tax haven” jurisdictions, the
See MoreEcuador: Changes to capital gains tax
The tax reform in Ecuador includes measures regarding the taxation of capital gains related to indirect and direct transfers of shares of Ecuadorian corporations with increased rates of corporate tax imposed on shareholders of Ecuadorian
See MoreEcuador: Enacts tax reform Bill
Ecuador enacted a proposed tax reform bill on 29 December 2014. The legislation was effective from 1 January 2015. There are several changes in the tax reform bill to the current tax law. The changes are as follows: The general corporate
See MoreEcuador: Tax Reform Proposed
A Tax Reform bill was sent by the President of Ecuador to the National Assembly for discussion, on 28 November 2014. There are several changes in the proposed Tax Reform Bill to the current tax law. The changes are following: The general
See MoreEcuador: Imposition of electronic invoices on tax registered business
Tax registered business in Ecuador are obliged to maintain electronic invoices. This measure is imposed to reduce VAT fraud in Ecuador and came into force from the month of October 2014. Tax authorities have access to online portal of all customers
See MoreTIEA between Ecuador and Honduras
On July 31, 2014, Foreign Affairs Ministry of Honduras announced the signing of a Tax information exchange agreement (TIEA) with
See MoreDTA between China and Ecuador enters into force
The double tax agreement (DTA) between China and Ecuador which was signed in 2013 entered into force on 6 March 2014 and will apply as from 1 January 2015. When it is in effect, the agreement will establish maximum withholding tax rates on
See MoreEcuador: Income tax exemption on deposits and investments in securities
On 21 February 2014, the General Director of the Internal Revenue Service published Circular No. NAC-DGECCGC14-00003 in order to communicate the tax authority's application of the substance over form principle as a criterion for the application of
See MoreEcuador ratifies DTA Protocol signed with China
Ecuador ratified the Protocol to the DTA with China through Decree no. 208 on 13 January
See MoreEcuador: China DTA gets Parliament approval
According to media reports published on December 3 2013, Ecuador’s the double taxation agreement (DTA) and an accompanying Protocol the nation signed with China gets parliament
See MoreDTA between Ecuador and Singapore signed
Singapore and Ecuador signed an Agreement for the Avoidance of Double Taxation (DTA) on 27 June 2013. The provisions of the treaty will have effect from 1 January of the calendar year next following that in which the agreement enters into
See MoreEcuador: New transfer pricing reporting requirements
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
See MoreEcuador: Minimum monthly salary
The minimum monthly salary of Ecuador has been set to USD 318 by the Ministerial Decree 00215/2012 of the Minister of Labour, effective from 1 January 2013. The rate was previously USD
See MoreGermany and Ecuador complete negotiations to amend their DTA
On October 23, 2012, the Ecuadorian embassy in Germany confirmed that Germany and Ecuador had completed negotiations towards a Protocol to amend their 1982 double taxation agreement
See MoreEcuador completes the ratification of the Ecuador-Uruguay DTA
Ecuador completed the ratification of the Ecuador-Uruguay double taxation agreement (DTA), publishing a notification in its Official Gazette on September 28,
See MoreEcuador: National Assembly approves the pending DTA with Uruguay
According to media reports, the National Assembly of Ecuador approved the pending Ecuador-Uruguay double taxation agreement (DTA) and an accompanying Protocol on September 11,
See MoreNegotiation concluded between China and Ecuador towards DTA
On 11th May 2012, China and Ecuador concluded four days of negotiations towards a double taxation agreement
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