Ecuador Issues New Rules on Automatic Application of Treaty Benefits

The Ecuador Internal Revenue Service (SRI) has published NAC-DGERCGC18-00000433, which establishes new rules and requirements for the automatic application of tax treaty benefits effective from 1 January 2019. Changes include:

• The maximum annual amount for the automatic application of tax treaty benefits is increased from 20 times to 50 times the 0% individual income tax bracket threshold (i.e., 50 times USD 11,310 for 2019 – USD 565,000);
• New rules are added, including that automatic appl…