The Superintendency of Market Power Control (SCPM) published the "Methodology for the identification, review, and elimination of regulatory barriers" on November 5, 2020. It will serve as a guide to remove regulatory barriers to promote the participation of various operators in the market.
Regulatory improvement based on the identification, review, and elimination of market entry barriers
The Superintendency of Market Power Control (SCPM) published the "Methodology for the identification, review, and elimination of regulatory barriers" on November 5, 2020. It will serve as a guide to remove regulatory barriers to promote the participation of various operators in the market.
The economic crisis, worsened by the pandemic, has forced Ecuador to place greater emphasis on its interest in attracting national and foreign investment. Several measures and mechanisms have been designed to achieve this objective.
The Ministry of Labor by Ministerial Agreements: MDT-2020-249 of November 30, 2020 and MDT-2020-282 of December 22, 2020, resolved to maintain for 2021, the same values of the unified basic salary (“SBU”) and the minimum wages for economic sectors of the year 2020.
Regulation NAC-DGERCGC21-00000002 issued on January 6, 2021 by the General Director of the Internal Revenue Service and
published in the Official Registry 366 on January 8, 2021, approved the tax form 125 for the semi-annual payment of income tax for taxpayers subject to the microenterprises tax regime.
published in the Official Registry 366 on January 8, 2021, approved the tax form 125 for the semi-annual payment of income tax for taxpayers subject to the microenterprises tax regime.
On January 10, the Emergency Operations Committee ("COE") approved the protocols set forth by the Ministry of Public Health, to be applied at all points of entry into the country, whether by land, sea or air.