Ecuador Planning Tax Reform Measures for 2018 Including Increased Corporate Tax Rate

According to recent reports, Ecuador is planning a number of tax reform measures for 2018. Main measures include:

• An increase in the standard corporate tax rate from 22% to 25%;
• The removal of the advance tax payment obligation for companies with revenue below USD 300,000;
• The introduction of new incentives for small and micro enterprises, including a two-year corporate tax holiday (exemption) for newly established enterprises and a general USD 11,000 tax exemption; and
• The introduction of a…