Nonresidents may now claim 100% of benefits available under double tax treaties with Ecuador, rather than paying Ecuadorian withholding tax on income over US$560,600 and applying for refunds based on the applicable treaty. The President also issued a decree that progressively reduces the remittance outflow tax rate to 4%.
Ecuador has modified two cross-border transaction rules by allowing nonresidents to claim 100% of benefits available under double tax treaties with Ecuador and reducing the rem…