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Ecuador President Proposes Package of Relief Measures to Support Job Creation and Retention

|Proposed Changes|Ecuador
Ecuador

Ecuadorian President Daniel Noboa has proposed a package of relief measures to support job creation and retention. Some of the main measures include:

  • An income tax credit for companies that maintain or expand their workforce from October to December 2024 that is equal to 25% of the social security contributions made during that period;
  • A 1% to 2% tax on the gross taxable income of private univ…

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