Ecuador’s National Assembly to consider bill that would create new tax to increase funding to combat COVID-19

Ecuador’s President, Lenin Moreno, submitted a bill to Ecuador’s National Assembly that would establish a new tax to fund humanitarian support in light of COVID-19.

The National Assembly will analyze the bill and, once approved, will send the bill to the President for his signature. The bill would be enacted once the final version is published in the Ecuadorian Official Gazette. While the bill is in the National Assembly, it is subject to changes.

New tax contribution for companies

The bill would i…