SRI has raised 108 million dollars with the new bonds issued by the Central Bank

Since the emission of bonds from the Central Bank of Ecuador (TBC), so the State could pay the outstanding invoices to suppliers, the Ecuadorian Internal Revenue Service (SRI) has raised 108 million dollars. The bonds can be purchased in the Market but only serve to cancel debt...
Posted On 12 Mar 2016
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The Rise tax can be paid with electronic money

The Internal Revenue Service (IRS for its Spanish acronym) announced yesterday that taxes generated by the Ecuadorian Simplified Tax Regime (RISE) will be paid with electronic money. This is the first initiative to pay taxes through this online mean. The SRI reported that the...

13.000 companies shall implement new billing system in November

From November 1, the Internal Revenue Service (SRI for its Spanish acronym), will apply the electronic billing service for special taxpayers and exporters. Among the firms that shall use the electronic billing system compulsorily are: financial institutions under the control of...
Posted On 04 Nov 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...

Claro has $ 123 million debt to the SRI

The telephony, internet and pay TV operator Claro, has a $ 123 million debt to the Internal Revenue Service (SRI for its Spanish acronym), according to the Specialized Chamber for the Tax Litigation of the National Court of Justice of Ecuador. This debt corresponds to the period...

SRI reduces taxes by 80% to cars used for work activities

Automobiles of exclusive work use will have an 80% reduction in the Annual Property Tax on Motor Vehicles (IVM for its spanish acronym), this was announced by the Internal Revenue Service (SRI for its spanish acronym).  ” Vehicles of one ton or more, owned by natural...

SRI applies the “forced collection” to defaulters

Through “forced collection”, the Revenue Internal Service (SRI) managed to raise twenty-six million dollars, between April 1 to April 15, thus announced yesterday Ximena Amoroso, Director of the Agency, who also confirmed that this kind of processes have been executed...