Internal Revenue Service Cannot Prohibit Anybody to Leave The Country

This morning, legal representative of Exportadora Bananera Noboa, Sylka Sanchez denounced the illegal actions and attributions that the Internal Revenue Service (SRI for its Spanish acronym) took against pre presidential candidate, Alvaro Noboa. Sanchez, filed a suit in the new...
SRI

Internal Revenue Service resolution invalidates the proceeding against Bananera Noboa

The resolution was issued on September 27, 2012 and annuls the process, began on May 19, 2010 against Industrial Bananera Noboa, to collect an alleged debt of $ 98 million. The resolution also lifted the precautionary measures imposed on real state and personal property of...
Ecuadorian professional soccer players

Professional soccer players prosecuted by the SRI

The Internal Revenue Service (SRI, for its Spanish acronym) started coercive proceedings against six players, for having non payed income tax obligations. Alfonso Obregon is the only former soccer player who owes the treasury. The ex defender for Liga Deportiva Universitaria de...
SRI

SRI’s Website Reveals Identity of Debtors

Carlos Marx Carrasco, SRI’s manager, said that the decision to make public the debtor is covered by the Tax Code, article N°99, which authorizes the Administration to make public the names of taxpayers and the values ​​that have been paid or not their tax obligations. The...
Taxpayers will be fined if they do not declare assets

Taxpayers Will be Fined if They do not Declare Assets

The Internal Revenue Service (IRS) announced that the new instructions set penalties of fines that range from $30 to $1,500 to those taxpayers to submit their wealth statement, late or not. The law applies to people with assets over $200,000, and $ 400 thousand when is marital....
IRS Announces new Taxes for Ecuador

IRS Announces the Date Set for the New Taxes in Ecuador

Since November 24 of the present year a new tributary reform would be set, once published in the Official Registry, said the Director of the Internal Revenue Services (IRS), Carlos Marx Carrasco. This reform will include a tax increase in the outflow of foreign exchange (ISD) of...