Living Wage 2023
March 14, 2024 Ministerial Agreement No. MDT-2024-031 Private sector workers who have received a salary of less than USD 484.75 will be able to receive compensation from their employer, in order to reach the living wage established for the year 2023. Back
Foreign Exchange Exit Tax Rate
March 12, 2024 REFORM LAW FOR TAX EQUITY IN ECUADOR The rate of the Foreign Exchange Exit Tax will be 5%, as of April 01, 2024. Back
VAT Increase
March 18, 2024 Executive Decree No. 198 The general rate of Value Added Tax It will be 15%, from April 1, 2024 to December 31, 2024. Back
Value Added Tax Update
March 12, 2024 Organic Law to Confront the Internal Armed Conflict The following rates are established: The VAT rate will be 13% and may be increased to 15%. Local transfers of construction materials will be subject to a rate of 5% VAT. Back
Temporary Security Contribution
March 12, 2024 Organic Law to Confront the Internal Armed Conflict Tax residents in Ecuador and permanent establishments that obtained taxable income during the 2022 tax year will pay in the 2024 and 2025 tax years a temporary contribution corresponding to 3.25%. Back
March 14, 2024 Ministerial Agreement No. MDT-2024-031 Private sector workers who have received a salary of less than USD 484.75…
March 12, 2024 REFORM LAW FOR TAX EQUITY IN ECUADOR The rate of the Foreign Exchange Exit Tax will be…
March 18, 2024 Executive Decree No. 198 The general rate of Value Added Tax It will be 15%, from April…
March 12, 2024 Organic Law to Confront the Internal Armed Conflict The following rates are established: The VAT rate will…
March 12, 2024 Organic Law to Confront the Internal Armed Conflict Tax residents in Ecuador and permanent establishments that obtained…
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