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.
La Agencia de Regulación y Control de Electricidad (“ARCONEL”) emitió el 27 de octubre de 2024 la Resolución Nro. ARCONEL-010/2024 (la “Resolución”), a través de la cual se reformó y codificó la Regulación Nro. ARCONEL-005/24.
The President of the Republic, by means of Executive Decrees No. 474 and 482 issued on December 6th and December 13th, 2024, respectively, ordered the mandatory and non-recoverable suspension of the working day of January 2nd and 3rd, 2025, for both the public and private sectors.
Organic Law for Financial Relief and Economic Strengthening of Generations in Ecuador was published in Official Gazette No. 699, Fifth Supplement, on December 9, 2024. Below is a summary of the most relevant provisions:
Organic Law for Financial Relief and Economic Strengthening of Generations in Ecuador was published in Official Gazette No. 699, Fifth Supplement, on December 9, 2024. Below is a summary of the most relevant provisions:
Through Executive Decree 468 issued on December 1, 2024, the President of the Republic has reduced the ISD tax rate for importation of goods classified under certain tariff subheadings.
On October 27, 2024, the Electricity Regulation and Control Agency (ARCONEL) issued Resolution No. ARCONEL-010/2024 (the “Resolution”). The Resolution amended and codified Regulation No. ARCONEL-005/24, which includes the "Regulatory Framework for Distributed Generation Systems for Self-Supply by Regulated Electricity Consumers."