Americas

Andersen Global expands to Ecuador

Andersen Global today announced its expansion to Ecuador through a collaboration agreement with tax advisory firms, FIDESBURó Cia. Ltda. and PROFILE Cia. Ltda. The two firms are currently undergoing . . .

Americas

Ecuador limits deductions for related party transactions

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.