The IRS will charge taxes on companies if shareholders do not appear

When digging deeper into the newly born Solidaridad Act, more concerns of the employers come to light. One has to do with equity tax or the capital representative rights, in that order, for persons or non-resident companies in the country.

The uneasiness is now on the fact that if the holder of rights such as stocks or shares in companies in Ecuador is not localizable, taxes will be charged by the IRS. Then the IRS will have the titanic task of finding taxpayers to settle accounts. The problem is that it is not always easy to locate them. Since they live abroad.

Source: http://expreso.ec/actualidad/el-sri-cobrara-a-las-empresas-si-no-localiza-a-los-accionistas-AY364222