The Ecuador Internal Revenue Service (SRI) has issued Circular NAC-DGECCGC25-00000006 of 26 December 2025, providing that the increased standard VAT rate of 15% will be maintained in 2026. Specifically, the Circular provides that the 15% rate as per Executive Decree No. 470 on 4 December 2024 continues to apply until modified by another executive decree. As previously reported, the VAT rate was increased from 12% to 13% as part of the Organic Law to Confront the Internal Armed Conflict and t…