Executive Decree 182 issued by the President on September 2, 2021, establishes that transfers of money abroad made by foreign airlines authorized to operate in Ecuador will be subject to 0% rate of Outflow Tax (ISD).
In order to apply the 0% rate, airlines must be designated by the authority of their country to develop in Ecuador activities of international transportation of passengers, cargo, a combination of them or cargo only.
This Decree will enter into force from the date it is published in the Official Gazette. The Internal Revenue Service shall issue the necessary regulations to implement the Decree within 15 workings days from its publication.
Especialista en Tributario y Aduanero
Andrea Moya, socia de CorralRosales
amoya@corralrosales.com
+593 2 2544144
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