Ecuador Revises VAT Credit Refund Procedures in Relation to VAT Withholding at Source

The Ecuador Internal Revenue Service (SRI) has published Resolution NAC-DGERCGC24-00000016, which revises the procedures for claiming VAT (input tax) credit refunds. In general, where a taxpayer's monthly return shows a balance in favor of the taxpayer, this balance is considered a VAT credit that will be offset against the VAT due in the following month. If it is presumed that the resulting t…
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