DECREE NO. 643 PROGRESSIVE REDUCTION OF THE FOREIGN EXCHANGE OUTFLOW TAX (ISD) RATE DURING THE YEAR 2023

According to Decree No. 643, as of July 1st the ISD rate will be reduced to 3.5% until December 31, 2023.

For more information please do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).

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This article contains information of general interest and does not constitute legal advice about specific matters. Any particular analysis will require the Firm’s legal advice.