Ecuador Tax Agency Announces 2024 Tax Calculation, Payment Requirements for Entities Under Superintendency Supervision

The Ecuadorian Tax Agency Jan. 22 issued Resolution No. SCVS-INAF-DNF-2024-0003, setting 2024 tax calculation and payment requirements for taxpayers under the supervision of the Superintendency of Companies, Securities, and Insurance. The resolution includes measures: 1) setting contribution rates for covered taxpayers based on the value of real assets for the 2024 tax year, subject to reporting by April 30; 2) exempting companies with real assets valued up to $75,000; 3) specifying the contribution rate for reporting after April 30; 4) setting a Sept. 30 payment deadline; 5) allowing taxpayers making 50 percent of the contribution owed by Sept. 30 to ...