On August 23, 2023, President Guillermo Lasso issued Executive Decree No. 850, which contains the General Regulations of the Organic Law on Communication.
The Regulation CPT-RES-2023-00-1 issued on July 31, 2023, by the Tax Policy Committee (hereafter the "CPT") amended the list of raw materials and capital goods which importation is subject to Foreign Exchange Tax (ISD) but may be used as a tax credit for the payment of Income Tax.
On July 20, 2023, the Department of Regulations and Consultations of the General Directorate of the Internal Revenue Service in response to Consultation No. 1170120230744808 issued Official Letter No. 91701202023OCON001932
Mediante Resolución SENAE-SENAE-2023-0043-RE, emitida el 19 de julio de 2023 y publicada en el Registro Oficial Suplemento 362 de 27 del mismo mes y año, el Servicio Nacional de Aduana del Ecuador estableció nuevas regulaciones para la importación de mercancías al amparo del régimen de excepción de menaje de casa y equipo de trabajo.
The Ministerial Agreement the Ministry of Production, Foreign Trade, Investment and Fisheries established the parameters (thresholds) to strengthen the risk profile and customs control system against possible circumstances of customs fraud, money laundering and other illicit operations.
By Executive Decree number 788 issued on June 26, 2023 and published in Official Gazette Supplement 341 of June 28, 2023, the President of the Republic issued the Regulations for Public-Private Partnerships, on which we highlight the following.
From the 14th of May 2023, companies must implement an Occupational Health Promotion Plan, accordingly to the following considerations.
On May 17, 2023, the President issued the draft of the Decree-Law for Strengthening the Family Economy. This Decree-Law will enter into force once the Constitutional Court issues a favorable opinion.
On May 26, 2021, the Organic Law for the Protection of Personal Data (the "LOPDP") entered into force with its publication in Official Gazette Supplement 459.
In application of the powers conferred by Article 148 of the Constitution, the President of the Republic issued Decree No. 741 (the “Decree”) whereby the President dissolves Congress and ordered the National Electoral Council to call for legislative and presidential elections to complete the current respective terms.
On May 10 and 11, 2023 - due to the time difference - Ecuador and China signed a Free Trade Agreement focused on the commercial exchange of goods and e-commerce.
The Regulation STFP-009-725-2023 of March 15, 2023 (the "Regulation"), issued by the Board for Fixing and Reviewing the Prices of Medicines for Human Use and Consumption (the "Board") approved the new definition of strategic medicines.