Ecuador: Abandoning of Reporting Duties

The Ecuadorian tax authority SRI published a new regulation in November 2018 which abandons the following reports:

 

  • Annex for monetary assets in foreign financial institutions exceeding US$ 100.000
  • Annex for SWIFT Transfers

 

The reason for abandoning the reports is that the respective information can already be pulled from other reports.

 

These regulatory changes could affect your business with view to customizing or support of your ERP/SAP system. Please contact us to learn about possible necessary reactions to the changes – we are happy to assist you!

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