Ecuador's National Assembly is considering the draft Law for Economic Development and Fiscal Sustainability after the COVID-19 Pandemic, which was submitted by the government on 28 October 2021. Some of the key measures include:
- A temporary special contribution tax on assets as follows:
- for natural persons with assets of at least USD 1 million as on 1 January 2021, the contribution is equal to 1.0% on assets between USD 1,000,000 and 1,999,999.99 and 1.5% on assets of USD 1.2 million or mor…