Ecuador President Lenín Moreno presented the draft Law on Fiscal Transparency, Tax Expenditure Optimization, Promotion of Job Creation, Strengthening of Monetary and Financial Systems, and Responsible Management of Public Finance in the National Assembly on 18 October 2019. With respect to tax reforms, the draft Law includes:
- The introduction of a temporary additional corporate income tax at progressive rates of 0.10% to 0.20% for 2020, 2021, and 2022, which will apply for companies whose gr…