The Ecuador Internal Revenue Service (SRI) has issued Resolution NAC-DGERCGC19-00000036, which was published in the Official Gazette on 12 August 2019. The Resolution sets out the procedures for the 50% refund of value added tax (VAT) provided for the audiovisual, television, and film production industry in connection with the law to promote production, investment, and employment.
As provided in the Resolution, the 50% refund is available for qualifying taxpayers that are exclusively dedicat…