IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Jul 2015 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

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, credit lines or deposits shall no longer be subject to the 5 percent tax imposed in 2008.
 
Eligible funds have to fulfull four requirements:
1) be in the form of a direct loan, credit line or deposit;
2) registration at the Central Bank;
3) a maturity exceeding one year;
4) be directed to the financing of corporate productive loans, business productive loans, loans to SMEs, priorty commercial credit, housing credit, micro credit or to alleviate liquidity requirements of such entities.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.