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Ecuador: Exemption for remittances to foreign financing from currrency outflow tax (ISD)

Description

On 22 July 2015, the Ecuadorian government exempted certain transactions from the currency outflow tax (ISD) via Resolution 107-2015-F. Outbound payments that are connected to foreign direct credit, ...

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Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

22 Jul 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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