The Internal Revenue Service (IRS) updated the personal expense projection form applicable for fiscal year 2023.
The new form includes a box to report the number of the employees’ dependents to achieve a higher tax reduction on the Income Tax.
The employee shall deliver the updated form to the employer in July.
At the following link you may download the form: https://www.sri.gob.ec/nl/formularios-e-instructivos
For further information please do not hesitate to contact our Tax Practice Partner, Iván García (email@example.com).
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.