Ecuador's Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC21-62 of 30 December 2021, which establishes the rules for the declaration and payment of the temporary special contribution tax on assets. The special contribution tax was introduced by the Law for Economic Development and Fiscal Sustainability after the COVID-19 Pandemic as follows:
- For natural persons with assets of at least USD 1 million as on 1 January 2021, the contribution is equal to 1.0% on assets between…