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

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 universities that can be offset by scholarships provided to students in public or state-funded high scho…