On February 6, 2025, the Constitutional Court of Ecuador (“Court”) issued Judgment No. 74-21-IN/25 (the “Judgment”), in which it assessed the constitutionality of various articles of the Regulation to the Arbitration and Mediation Law (“RLAM”).
By Executive Decree No. 551, dated March 3, 2025, the President of the Republic of Ecuador issued the Regulations to the Organic Law for Financial Relief and Economic Strengthening of Generations in Ecuador (hereinafter “LOPAFFE”). Below, we summarize the most relevant provisions.
On January 24, 2025, the Ministry of Energy and Mines (“MEM”) issued Ministerial Agreement No. MEM-MEM-2025-0002-AM (the “Agreement”), declaring the electricity sector a priority to address the 2025-2026 dry season. The Agreement came into force on February 19, 2025.
The Internal Revenue Service (“SRI”), through Resolution No. NAC-DGERCGC25-00000004 dated February 24, 2025, established the obligation for mining actors to submit the “Mining Annex” to report detailed information on their exploration, exploitation, beneficiation, local commercialization.
By means of the third supplement to the Official Registry No. 734 from January 31, 2025, the National Court published Resolution No. 01-2025 (Resolution), which establishes a binding judicial precedent related to the payment of indemnities contained in article 51 of the Organic Disabilities Law.
The Internal Revenue Service (SRI) issued in 2024 Resolution No. NAC-DGERCGC24-00000033, establishing the conditions for the filing of the Beneficial Owners Report and Corporate Composition (REBEFICS, by its acronym in Spanish). This new report replaces the previous Shareholders.
The National Agency for Health Regulation, Control and Surveillance (ARCSA), Dr. Leopoldo Izquieta Pérez, has issued the Technical Sanitary Regulation for the oversight and control of advertising and promotion of pharmaceutical drugs, processed natural products.
Through Circular NAC-DGECCGC25-00000002, published in Official Register 727, Fourth Supplement, on January 22, 2025, the Internal Revenue Service reminded taxpayers of the criteria to determine whether a jurisdiction is considered a tax haven.
On January 22, 2025, the plenary session of the National Court of Justice issued Resolution No. 02-2025, which establishes a mandatory precedent regarding the calculation of severance payments for unjustified dismissal. The remuneration applicable to calculate severance payments must always be the last one received.
Through Resolution No. JPRM-2024-029-M ("Resolution"), issued on December 31, 2024, the Monetary Policy and Regulatory Board ("JPRM") reformed the "Regulation governing payment methods, systems and fintech activities in Ecuador" contained in Resolution No. JPRM-2024-018-M.
The reform of Ecuador’s National Tariff due to the implementation of the VII Amendment to the Harmonized System affected several tariff subheadings included in Resolution CPT-03-2012 and its subsequent reforms. This resolution establishes the subheadings which importation generated ISD.
Mediante Decreto Ejecutivo 468 de fecha 1 de diciembre de 2024, el Presidente de la República redujo la tarifa del Impuesto a la Salida de Divisas (ISD) para la importación de mercancías clasificadas bajo ciertas subpartidas.