Daily coverage from across the country, written for the expat community
Results for “income tax”Clear
After system intermittencies on April 20, Ecuador's SRI has extended the income tax, VAT, and currency-outflow tax filing deadline to April 23 for taxpayers whose RUC ninth digit is 5 or 6. Filing late during the extension incurs no penalties, surcharges, or interest.
Ecuador's tax authority SRI reported $267.2 billion in reported sales for 2025, a 9% increase over 2024, alongside $21.5 billion in tax collection (+6.8%). The online portal pulled in 167 million visits and 3.5 million access-credential transactions. Mobile service brigades jumped 226%.
The World Bank forecasts Ecuador's economy will grow just 2% in 2026, among the lowest rates in Latin America. A fiscal deficit of 3-4% of GDP, expiring security contributions, weakening oil receipts, and likely tax reform paint a challenging picture.
Ecuador's tax authority SRI has implemented new withholding rates effective March 1 under resolution NAC-DGERCGC26-00000009. The 2.75% rate has been eliminated and replaced with a 5% bracket, and the default withholding rate has increased to 3%.
Ecuador's tax agency eliminated the 2.75% withholding rate and introduced new rates including a 5% tariff and 2% withholding on credit cards, insurance, and leasing. Plus: individual income tax declarations are due this month.
Ecuador's Federation of Exporters (Fedexpor) projects 6-7% export growth for 2026, a significant slowdown from the 18% surge in 2025. Headwinds include US tariff uncertainty, the Colombia trade dispute, and falling cacao prices — but the new US trade deal and flower sector expansion offer upside.
Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
Ecuador's tax authority is sending notifications to taxpayers with unfiled income tax declarations from previous years — some going back to 2019. Recipients have just 10 business days to respond, and the SRI's seven-year review window means old oversights can surface without warning.
A bill working its way through Ecuador's legislature would establish a dedicated digital nomad visa with a $1,500 monthly income requirement and a two-year term -- potentially making the country far more accessible for remote workers.
