Global Daily Tax News, Ecuador Issues Tax Amnesty Regulations, (Mar 7, 2025)

The Government of Ecuador has issued regulations governing the nation's ongoing tax amnesty scheme.

Executive Decree No. 551, which has been published in the Official Gazette, sets out the rules for taxpayers to avail themselves of the initiative, which allows taxpayers to request a 12-month payment plan for tax debts due up to October 31, 2024.

Municipal tax arrears may be settled free from interest, fines, fees, and penalties providing full or partial payment is made by June 30, 2025.

The same reliefs are available for levies due to be paid to the National Transit Agency and the Public Service for Traffic Accidents providing at least 30 percent of the liability is settled by June 30, 2025.

For micro businesses benefiting from the RIMPE simplified regime, income tax obligations are being waived for the 2022 and 2023 tax years, regardless of whether the taxpayer filed a return. The RIMPE regime is targeted at micro businesses with annual gross income up to USD20,000. Tax is waived on income up to USD2,500, with a fixed lump sum amount determined based on income, of up to USD60 for income between USD15,001 and USD20,000 per year.