Microenterprises with no profits in tax year 2020 have until November 2021 to file an income tax return, showing that they had no profits. The decree also establishes a reduced tax rate for taxpayers that did not have profits in tax year 2020 but are not on the Tax Administration’s registry.
Ecuador’s President issued a decree establishing temporary regulations for the payment of income tax by microenterprises.
Background
The President extended the due date for microenterprises with no profits in 2…