the Ecuadorian Internal Revenue Service published a resolution to amend the previous resolution on the income tax withholding rates at source. The new resolution comes into force since its issue.
As regards resident taxpayers, the tax treatment varies from legal persons to individuals:
As regards non-resident taxpayers, the tax treatment of legal persons and individual taxpayers are both to be withheld at source at the same rate, namely the general rate provided for companies. Taxable events include direct or indirect alienation of shares, other rights (including the license for exploring and exploiting natural resources), companies or permanent establishments located within the territory of Ecuador and listed in Ecuadorian stock market.
Sources: Registro Oficial (in Spanish)
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