$ 20 bills shall hereafter be issued with data

The Internal Revenue Service (SRI by its Spanish acronym) said yesterday that from this month taxpayers who issue invoices from USD 20 shall compulsorily fill the customer´s data (name or business name and identification number or RUC). Previously, the amount from which this...

SRI expects 2015 revenue to be of $ 14,099,000

The Director of the Internal Revenue Service (SRI for its Spanish acronym), Ximena Amoroso, said that according to estimates for 2015, tax revenues will be of $ 14,099,000. This would exceed the budgeted figure for 2014, which was of $ 12,509.8 million. Amoroso said that 200,000...

0.5% tax will be registered in billing statements

The charge of 0.5% on purchases paid by credit card will be appreciated in a subsequent statement to the purchase. The tax went into effect on October 28, which is applied to loans made ​​in financial institutions controlled by the Superintendency of Banks, including credit card...
Posted On 31 Oct 2014

Taxpayers shall submit GP projection this month

Taxpayers under dependency ratio and who have higher annual incomes to the taxable base ($ 10,410 or monthly or from $ 868 onwards) must submit the projection of personal expenses through the SRI-GP form this month, as reported by the Internal Revenue Service. The personal...
Posted On 14 Oct 2014

SRI detects irregularities in the vehicular trade

The Internal Revenue Service (SRI for its Spanish acronym) warned on Monday, September 15, on the income and marketing of vehicles in an irregular manner through the use of intermediaries and nominees. According to the organization, fake invoices and documents are bei...

SRI studies feasibility of junk food tax

The Internal Revenue Service (SRI for its Spanish acronym) said that the implementation of the Special Consumption Tax (ICE for its Spanish acronym) to junk food is not yet defined. According to the organization, the decision depends on the outcome of the analysis conducted by...

15 notary offices are suspended for not complying with tax obligations

Fifteen Ecuadorian notaries were suspended yesterday for seven days and are being investigated by the Council of the Judiciary (CJ) after the Internal Revenue Service (SRI for its Spanish acronym) determined they violated their tax obligations. Of the fifteen suspende...

Income Tax grew by 8.1

The Internal Revenue Service (SRI for its Spanish acronym) noted that there has been a growth of 8.1% in the income tax. This was indicated in the tax collection report corresponding to May 2014. The total amount that entered into the Treasury from January to May, reach...
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