In the month of December, taxpayers must fulfill the following:

Tax Obligations:

• Declaration of Value Added Tax (VAT). (*)
• Declaration of Income Tax Withholding. (*)
• Declaration of Outflow Tax (ISD). (*)
• Declaration and Annex of Special Consumption Tax (ICE). (*)
• Annex International Currency Movement (MID). (*)
• Simplified Transactional Annex (ATS). (**)
• Annex to the Report on Operations and Financial Economic Transactions (ROTEF).
• Foreign Assets Tax Declaration.
• Commercial Registrar Annex (REM).
• Notary Annex (NOT).
• Property Registrar Annex (REP).

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 submission date will be the following month based on the ninth digit of the RUC as follows:

Corporate Obligations:

• Payment of the second installment of the annual contribution to the Superintendency of Companies, Securities, and Insurance.
• Submission of information to the administration by foreign companies, partners, or shareholders.

Laboral Obligations:

• Payment of the thirteenth salary.

In the month of October, taxpayers are required to fulfill the following tax obligations:

• Declaration of Value Added Tax (VAT). (*)
• Declaration of withholding tax on income. (*)
• Declaration of Outflow Tax (ISD). (*)
• Declaration and Annex of Special Consumption Tax (ICE). (*)
• Annex International Currency Movement (MID). (*)
• Simplified Transactional Annex (ATS). (**)
• Annex to the Report on Operations and Financial Economic Transactions (ROTEF).
• Foreign Assets Tax Declaration.
• Commercial Registrar Annex (REM).
• Notary Annex (NOT).
• Property Registrar Annex (REP).

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:

In Official Gazette Second Supplement No. 413 of October 10^th, 2023, was published the Resolution No. NAC-DGERCGC23-00000026, amended the Resolution No. DGERCGC20-00000061 through which the percentages of Value Added Tax (VAT) withholding are regulated.

Here is what you should know about the Resolution: 

• Entities and organizations of the Central and Decentralized Government, their decentralized units, public enterprises, universities, and polytechnic schools of the country will be considered VAT withholding agents.
  
  
• No VAT withholding shall be made to:

1. 1. Companies incorporated for the development of public projects under the public-private partnership modality, under certain conditions.
      
      
   2. Individuals and companies categorized as entrepreneurs within the Simplified Regime for Entrepreneurs and Popular Businesses (RIMPE) if the payment is made through credit cards, debit cards, electronic transfers, or any other electronic payment method, even when the payment is processed by a national financial institution, a credit or debit card issuing company, and/or a payment aggregator.

• Taxpayers considered habitual exporters of goods and/or services, who are classified by the IRS as withholding agents or special taxpayers, will retain 100% of VAT, even for those classified as special taxpayers or withholding agents, on all their acquisitions, except in the cases provided in the Resolution.

In September, taxpayers must comply with the following tax obligations:

• Payment of Royalties for Mining Activities:

Between September 10 and 28, based on the ninth digit of the RUC, holders of mining rights must declare and pay royalties for mining activities for the first half of 2024 using Form 113.

• Annex of Transactions with Related Parties

Taxpayers who have engaged in transactions with related parties amounting to more than three million dollars must submit the Annex of Transactions with Related Parties and the Transfer Pricing Report for the fiscal year 2023, between September 10 and 28, based on the ninth digit of the RUC.

Failure to comply with this obligation or incorrect submission will result in a penalty of up to USD 15,000, depending on the taxpayer classification assigned to the entity.

• Payment of Motor Vehicle Tax:

By September 30, owners of private vehicles must make the IVM payment to financial institutions authorized by the SRI if the last digit of their license plate is 8.

• Payment of the contribution of 1 per 1000 on real assets:

By September 30th, companies subject to the Companies Superintendency control and supervision must pay at least 50% of the annual contribution of 1 per 1000 on real assets. If they do so, they will have the right to pay the remaining 50% by December 31, 2024.

To benefit from this, companies must be in active status and up to date with their corporate contributions. Companies can submit their request through the Superintendency’s website and must make the payments according to the options available on the website.