According to recent reports, Ecuador's newly elected President, Guillermo Lasso, is planning several tax reform measures meant to support economic recovery. One of the main reform measures is a progressive reduction in the remittance tax (ISD) rate, which is currently withheld at a rate of 5% on payments remitted abroad. Other measures include the elimination of the 2% single flat tax on gross income of individual entrepreneurs and micro-enterprises, with the lost tax revenue from the single …