Progressive reduction of the outflow tax rate (ISD) - CorralRosales - Lawyers Ecuador

On December 22, 2021, the President issued the Executive Decree 298 by which a progressive reduction of the outflow tax rate was ordered until reaching 4%, according to the following schedule: –    As of January 1, 2022, the tax rate will be 4.75%.–    As of April 1, 2022, the tax rate will be 4.50%.–    Beginning July 1, 2022, the tax rate will be 4.25%.–    As from October 1, 2022, the tax rate will be 4%.Withholding agents must make the necessary adjustments in their operating systems to comply with the rate reduction ordered in the Decree.

Andrea Moya - CorralRosales - Lawyer Ecuador

Specialist in Tax
Andrea Moya, partner at CorralRosales
amoya@corralrosales.com
+593 2 2544144

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NOTE: The above text has been prepared for informational purposes. CorralRosales is not liable for any loss or damage incurred as a result of acting or failing to act on the basis of the information contained in this document. Any additional determined situation requires the specific opinion and concept of the firm in Quito / Guayaquil, Ecuador.

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