5 Major Developments in Ecuador

5 Major Developments in Ecuador

• Tax Authority Introduces New VAT Return Allowing Extended Payment of VAT for Sales on Credit

• National Court of Justice Excludes Use of Weighted Method to Determine Tax Base of Special Consumption Tax

• New reductions/exemptions from VAT and the tax on foreign currency announced

• How to request a VAT refund in Ecuador?

• Benefits and limitations of the VAT refund in Ecuador

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Exemption

• New reductions/exemptions from VAT and the tax on foreign currency announced

Refund

• Benefits and limitations of the VAT refund in Ecuador

• How to request a VAT refund in Ecuador?

Reporting / Compliance

• Global VAT Guide: May 2023 VAT Updates

• International VAT Rate Round Up: May 2023

• New form for the VAT declaration allows you to pay Sales on Credit up to 3 months after

• Tax Authority Introduces New VAT Return Allowing Extended Payment of VAT for Sales on Credit

Taxable Amount

• National Court of Justice Excludes Use of Weighted Method to Determine Tax Base of Special Consumption Tax