Ecuador's National Assembly (legislative branch) is currently considering draft legislation presented by President Rafael Correa on 30 March 2016 that includes various tax measures meant to balance public finances. The main measures of the legislation include:
- Introducing a 10% withholding tax on payments related to the extraction and sale of minerals;
- Requiring advance tax payments for micro-enterprises equal to 50% of the previous year's tax liability less current tax withheld;
- Introducing…