Ecuador Parliament Considering Draft Bill for New Tax Incentives

The Ecuador National Assembly is reportedly considering a draft bill that would provide for a number of new tax incentives to promote investment in the country. The incentives include:

• A 10-year tax holiday (exemption) for investments made in priority activities outside of Quito and Guayaquil;
• An 8-year tax holiday for investments made in the Cities of Quito and Guayaquil; and
• Tax holidays up to 20 years for investments made in border areas and the Amazon region.

The tax holiday incentive…