IRS requests ‘specific information’ of shareholders

Image: Expreso

The collections have always had the Value Added Tax (VAT) as the protagonist. That additional 12% is paid on the price of all goods taxed -such as a soda, a refrigerator or even a car- something that last year meant the half (49.2%) of what the Internal Revenue Service (SRI for its Spanish acronym) collected.

However another intention is planned: ensuring the collection of the Income Tax (IR for its Spanish acronym), which represents the second source (32%), but is sustained by the IR, which is paid by companies and individuals working in a relationship of dependency, whose monthly incomes are directly deducted. Last year 13.313 million were paid in taxes.

Now the IRS requests, according to a resolution signed on September 25th by its director, Ximena Amoroso, to include specific information in the annexes of what they have paid to corporate shareholders by dividends. The companies have until the last day of November to include in such reports everything accrued by their shareholders for the fiscal year 2014.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8595968&idcat=38269&tipo=2