Posted On 15 Jul 2015
The Finance Ministry issued on Monday an instruction for the payment with Central Bank Securities (TBC for its Spanish acronym) and thus pay off the pending values with the Internal Revenue Service (SRI), an initiative that is voluntary. The government will pay the debts of private contractors (builders) that are supported in both bills as payrolls.
According to the instructional, private contractors shall meet some steps like holding a meeting with Finance, SRI and the executing agency officials (which contracted the work). They will be able to do this in Quito, Guayaquil and Cuenca offices.
They shall also open a subaccount in the Centralized Securities Deposit (DCV) of the Central Bank, through the brokerage house.