In the month of August, taxpayers must comply with the following tax obligations:

• Simplified Transactional Annex – Semiannual Simplified Transactional Annex for RIMPE

Registration by individuals and companies of the Simplified Transactional Annex, which will include monthly information on purchases or acquisitions, sales or income, exports or income obtained from abroad, canceled vouchers, and withholdings related to the business activity. The annex for the months of January to June must be submitted by August according to the ninth digit of the Tax Identification Number (RUC in Spanish).

• Registration of the semiannual VAT declaration by RIMPE – Entrepreneurs

From August 10 to August 28, based on the ninth digit of the RUC (Tax Identification Number), taxpayers subject to the regime “RIMPE – Entrepreneurs” must submit the VAT declaration for the first semester of the fiscal year 2024 (January to June).

• Payment of the Rural Property Tax

By August 16^th, individuals and companies who own properties located within the limits of rural areas must pay the second installment of the Rural Property Tax to the respective municipality where the property is located.

• Payment of Motor Vehicle Tax

Owners of private vehicles with a license plate ending in seven (7) must make the payment of the Vehicle Tax (IVM) by August 31 at financial institutions authorized by the IRS.

Additionally, taxpayers must comply with the rest of the monthly tax obligations according to the ninth digit of their RUC:

• Declaration of Value Added Tax (VAT).

• Declaration of Withholding Tax at Source.

• Declaration of the Foreign Currency Outflow Tax.

• Declaration and Annex of the Special Consumption Tax.

• Annex Report of Economic Financial Operations and Transactions.

• Annex International Currency Movement.

• Declaration of Foreign Assets Tax.

In the month of October, taxpayers are required to fulfill the following tax obligations:

• Declaration of Value Added Tax (VAT). (*)
• Declaration of withholding tax on income. (*)
• Declaration of Outflow Tax (ISD). (*)
• Declaration and Annex of Special Consumption Tax (ICE). (*)
• Annex International Currency Movement (MID). (*)
• Simplified Transactional Annex (ATS). (**)
• Annex to the Report on Operations and Financial Economic Transactions (ROTEF).
• Foreign Assets Tax Declaration.
• Commercial Registrar Annex (REM).
• Notary Annex (NOT).
• Property Registrar Annex (REP).

Notes:

(*) Special taxpayers must submit and pay their declarations by the 11th day of each month, while other taxpayers will follow the ninth digit of their Taxpayer Identification Number (RUC). If the submission date falls on mandatory rest days or holidays, it will be moved to the next working day.

(**) The maximum submision date will be the following month based on the ninth digit of the RUC as follows:

In the month of December, taxpayers must fulfill the following:

Tax Obligations:

• Declaration of Value Added Tax (VAT). (*)
• Declaration of Income Tax Withholding. (*)
• Declaration of Outflow Tax (ISD). (*)
• Declaration and Annex of Special Consumption Tax (ICE). (*)
• Annex International Currency Movement (MID). (*)
• Simplified Transactional Annex (ATS). (**)
• Annex to the Report on Operations and Financial Economic Transactions (ROTEF).
• Foreign Assets Tax Declaration.
• Commercial Registrar Annex (REM).
• Notary Annex (NOT).
• Property Registrar Annex (REP).

Notes:

(*) Special taxpayers must submit and pay their declarations by the 11th day of each month, while other taxpayers will follow the ninth digit of their Taxpayer Identification Number (RUC). If the submission date falls on mandatory rest days or holidays, it will be moved to the next working day.

(**) The maximum submission date will be the following month based on the ninth digit of the RUC as follows:

Corporate Obligations:

• Payment of the second installment of the annual contribution to the Superintendency of Companies, Securities, and Insurance.
• Submission of information to the administration by foreign companies, partners, or shareholders.

Laboral Obligations:

• Payment of the thirteenth salary.

In Resolution No. NAC-DGERCGC2300000020, the Internal Revenue Service (SRI) establishes the rules for applying an Income Tax (IR) reduction for personal expenses.

• Parents, spouses, or common-law partners and children up to the age of 21 or with disabilities of any age may be considered as family dependents, provided that they do not receive taxable income and that they are dependent on the taxpayer.
  
  
• In no case may two or more taxpayers consider the same person as a family dependent for the respective tax period.
  
  
• Workers must provide the following information on family dependents to their employer.
  
  
• Copy of the identity card of the spouse, which constitutes evidence of the marriage.
  
  
• Copy of the identity card of children up to 21 years of age.
  
  
• Copy of the identity card and disability card of children with disabilities.
  
  
• Copy of the certificate of suffering from a catastrophic, rare, and / or orphan disease issued by the Ministry of Public Health or the Ecuadorian Institute of Social Security.
  
  
• To register parents as family dependents, they must give their express consent to be included as a family dependent of the taxpayer and present a copy of the identity card where the family relationship is evidenced.
  
  
• For the 2023 fiscal year, workers in a dependency relationship may submit a new personal expense projection form in July.
  
  
• Employers must reassess income tax considering the personal expenses forecast presented by the worker. Likewise, they must make the withholdings for the values adjusted for the payments of salaries and wages related to the month of July.