On 12 June 2014, the Ecuadorian tax administration Resolution No. NAC-DGERCGC14-00369 was published in the Official Gazette and entered into force 13 June 2014.
The resolution sets the requirement that individuals and companies required to keep account books must pay their tax returns through automatic bank draft from checking or savings accounts. In order to comply, taxpayers must register their bank account with the Revenue Internal Service and subscribe and submit an automatic debit agree…