The automatic exchange of financial account information between countries is linked directly to at least EUR 3 billion in additional tax revenues; it also has contributed, through voluntary disclosure and other programs, to more than EUR 112 billion in additional tax revenues, according to a November 17 . . .
Singapore’s Ministry of Finance on December 18 announced that tax treaties signed by Singapore and Ecuador . . .
Ecuador’s Internal Revenue Service has released regulations outlining new transfer pricing documentation requirements, EY writes in a July 31 tax alert. See: EY
The Ecuadorian Internal Revenue Service has set up a new system to provide advance rulings on a company’s transfer pricing methodology, writes EY in a December 17 report. For discussion, see EY.
Ecuador has adopted new tax measures curtailing tax deductions for transactions between related parties, including limits on expenses for royalties, technical services, and advisory services, writes EY in a February 27 report. The new law also eliminates a tax exemption for income derived from the sale of stock in Ecuadorian entities. See, EY.
Copyright © 2021. DISCLAIMER: The information provided herein is general and may not be applicable in all situations. It should not be acted upon without legal advice accounting for a particular situation.
