- The SRI has issued a new circular for commercial land transportation, excluding taxis
- The circular requires mandatory invoicing for all services provided
- Only authorized transport companies can provide services and issue invoices
- Commercial land transport services meeting the new rules will be exempt from VAT
- Heavy cargo vehicles are not covered by the circular
- The goal is to ensure all income is declared and taxes are paid, as well as protect consumers
- Transporters must affiliate with an authorized operator, issue invoices for each trip, and keep detailed records
- Compliance with the circular allows legal and transparent operation, with VAT exemption for transporters in Ecuador.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
