Daily coverage from across the country, written for the expat community
Results for “invoicing”Clear
Commercial transport drivers in several categories can no longer invoice clients directly under new SRI rules. Operators or transport companies must handle client billing, while drivers bill the operator they belong to.
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.
