Ecuador Constitutional Court Eliminates Parts of Tax Reform

Ecuador’s Constitutional Court has eliminated parts of a fast-track tax reform due as unconstitutional while leaving income tax reform intact, the country’s Internal Revenue Service, or SRI, said in an emailed statement.

• The ruling rejected a majority of claims against the reform, guaranteeing fiscal stability: SRI
• Court declared the unconstitutionality and ordered the elimination of the articles related to the oil sector, the abolishing of individuals’ inheritance tax and a simplification of tax rules for small business
• SRI to respect the decisions of the court

To contact the reporter on this story:
Stephan Kueffner in Quito at skueffner1@bloomberg.net

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