Ecuador Constitutional Court Blocks Lasso Duty Free Zone Decree

Ecuador’s Constitutional Court ruled that an emergency economic decree on duty free zones issued by President Guillermo Lasso is unconstitutional, blocking its implementation, according to the ruling sent by text message.

• The judges voted 8:0 to declare the decree unconstitutional, with one judge absent
• Regarding changes to Ecuador’s income tax regime, modifying deductions to reflect family dependents and changing reporting for small companies, the court ruled that the decree may go into effect as it doesn’t violate the 2008 constitution
• NOTE: The court is tasked with reviewing urgent economic decrees issued by Lasso because he legally dissolved the congress ...