Below is a summary of the tax obligations applicable to taxpayers during March 2025:
Holders of one or more mining concessions must declare and pay the annual mining conservation patent for each concession, regardless of its phase or modality, by March 31.
Between March 10 and March 28, holders of mining rights must file the tax return on royalties for mining activities corresponding to the second half of 2024 with the Internal Revenue Servcis (IRS). The deadline is set according to the ninth digit of the taxpayer´s RUC.
Property owners in urban areas who settle this tax with the corresponding municipality by March 15 will receive an 6% discount. Payments made between March 16 and March 31 will receive a 5% discount.
Companies and permanent establishments that generated taxable income in 2022 must file their tax return and pay the second installment of the Temporary Security Contribution by March 31.
Private vehicle owners whose license plate ends in the digit 2 must pay the Motor Vehicle Tax through authorized financial institutions by March 31.
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
In the month of October, taxpayers are required to fulfill the following tax obligations:
Notes:
(*) Special taxpayers must submit and pay their declarations by the 11th day of each month, while other taxpayers will follow the ninth digit of their Taxpayer Identification Number (RUC). If the submission date falls on mandatory rest days or holidays, it will be moved to the next working day.
(**) The maximum submision date will be the following month based on the ninth digit of the RUC as follows:
Ninth digit of the RUC | Due date |
1 | 10 |
2 | 12 |
3 | 14 |
4 | 16 |
5 | 18 |
6 | 20 |
7 | 22 |
8 | 24 |
9 | 26 |
0 | 28 |
For more information, please do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
On September 13, the Internal Revenue Service (SRI) reformed certain provisions concerning the Annex of Related-Party Transactions and the Comprehensive Transfer Pricing Report.
In the main, income taxpayers -who are not exempted from the application of the transfer pricing regime- that within the same tax period have carried out transactions with related parties for an amount exceeding US$ 3,000,000, must file the Schedule of Transactions with Related Parties.
If the amount exceeds US$10,000,000, income taxpayers shall also file the Comprehensive Transfer Pricing Report.
For more information, do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
In the month of August, taxpayers must comply with the following tax obligations:
Registration by individuals and companies of the Simplified Transactional Annex, which will include monthly information on purchases or acquisitions, sales or income, exports or income obtained from abroad, canceled vouchers, and withholdings related to the business activity. The annex for the months of January to June must be submitted by August according to the ninth digit of the Tax Identification Number (RUC in Spanish).
From August 10 to August 28, based on the ninth digit of the RUC (Tax Identification Number), taxpayers subject to the regime “RIMPE – Entrepreneurs” must submit the VAT declaration for the first semester of the fiscal year 2024 (January to June).
By August 16th, individuals and companies who own properties located within the limits of rural areas must pay the second installment of the Rural Property Tax to the respective municipality where the property is located.
Owners of private vehicles with a license plate ending in seven (7) must make the payment of the Vehicle Tax (IVM) by August 31 at financial institutions authorized by the IRS.
Additionally, taxpayers must comply with the rest of the monthly tax obligations according to the ninth digit of their RUC:
For more information, do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
The Internal Revenue Service (IRS) updated the personal expense projection form applicable for fiscal year 2023.
The new form includes a box to report the number of the employees’ dependents to achieve a higher tax reduction on the Income Tax.
The employee shall deliver the updated form to the employer in July.
At the following link you may download the form: https://www.sri.gob.ec/nl/formularios-e-instructivos
For further information please do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
In the month of October, taxpayers are required to fulfill the following tax obligations:
Notes:
(*) Special taxpayers must submit and pay their declarations by the 11th day of each month, while other taxpayers will follow the ninth digit of their Taxpayer Identification Number (RUC). If the submission date falls on mandatory rest days or holidays, it will be moved to the next working day.
(**) The maximum submision date will be the following month based on the ninth digit of the RUC as follows:
Ninth digit of the RUC | Due date |
1 | 10 |
2 | 12 |
3 | 14 |
4 | 16 |
5 | 18 |
6 | 20 |
7 | 22 |
8 | 24 |
9 | 26 |
0 | 28 |
For more information, please do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
On September 13, the Internal Revenue Service (SRI) reformed certain provisions concerning the Annex of Related-Party Transactions and the Comprehensive Transfer Pricing Report.
In the main, income taxpayers -who are not exempted from the application of the transfer pricing regime- that within the same tax period have carried out transactions with related parties for an amount exceeding US$ 3,000,000, must file the Schedule of Transactions with Related Parties.
If the amount exceeds US$10,000,000, income taxpayers shall also file the Comprehensive Transfer Pricing Report.
For more information, do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
In the month of August, taxpayers must comply with the following tax obligations:
Registration by individuals and companies of the Simplified Transactional Annex, which will include monthly information on purchases or acquisitions, sales or income, exports or income obtained from abroad, canceled vouchers, and withholdings related to the business activity. The annex for the months of January to June must be submitted by August according to the ninth digit of the Tax Identification Number (RUC in Spanish).
From August 10 to August 28, based on the ninth digit of the RUC (Tax Identification Number), taxpayers subject to the regime “RIMPE – Entrepreneurs” must submit the VAT declaration for the first semester of the fiscal year 2024 (January to June).
By August 16th, individuals and companies who own properties located within the limits of rural areas must pay the second installment of the Rural Property Tax to the respective municipality where the property is located.
Owners of private vehicles with a license plate ending in seven (7) must make the payment of the Vehicle Tax (IVM) by August 31 at financial institutions authorized by the IRS.
Additionally, taxpayers must comply with the rest of the monthly tax obligations according to the ninth digit of their RUC:
For more information, do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
The Internal Revenue Service (IRS) updated the personal expense projection form applicable for fiscal year 2023.
The new form includes a box to report the number of the employees’ dependents to achieve a higher tax reduction on the Income Tax.
The employee shall deliver the updated form to the employer in July.
At the following link you may download the form: https://www.sri.gob.ec/nl/formularios-e-instructivos
For further information please do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
In the month of October, taxpayers are required to fulfill the following tax obligations:
Notes:
(*) Special taxpayers must submit and pay their declarations by the 11th day of each month, while other taxpayers will follow the ninth digit of their Taxpayer Identification Number (RUC). If the submission date falls on mandatory rest days or holidays, it will be moved to the next working day.
(**) The maximum submision date will be the following month based on the ninth digit of the RUC as follows:
Ninth digit of the RUC | Due date |
1 | 10 |
2 | 12 |
3 | 14 |
4 | 16 |
5 | 18 |
6 | 20 |
7 | 22 |
8 | 24 |
9 | 26 |
0 | 28 |
For more information, please do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY
On September 13, the Internal Revenue Service (SRI) reformed certain provisions concerning the Annex of Related-Party Transactions and the Comprehensive Transfer Pricing Report.
In the main, income taxpayers -who are not exempted from the application of the transfer pricing regime- that within the same tax period have carried out transactions with related parties for an amount exceeding US$ 3,000,000, must file the Schedule of Transactions with Related Parties.
If the amount exceeds US$10,000,000, income taxpayers shall also file the Comprehensive Transfer Pricing Report.
For more information, do not hesitate to contact our Tax Practice Partner, Iván García (igarcia@tzvs.ec).
© TobarZVS
This publication contains information of general interest and does not constitute legal opinion on specific issues. Any analysis will require legal advice from the Firm.
By ZVS Tobar in TAX CONSULTANCY