Ecuador Introduces Tax Support and Other Measures as Part of the Law on Energy Competitiveness

On 11 January 2024, Ecuador published the Law on Energy Competitiveness in the Official Gazette. Among other things, the law provides the following tax measures:

• An additional 100% tax deduction for depreciation and amortization expenses incurred in the acquisition of machinery, equipment, and technologies used to implement distribution systems for non-conventional renewable energy for self-supply and for reduced emissions;
• A new tax deduction for expenses incurred on the construction of ne…