Ecuador's Internal Revenue Service (SRI) has issued Resolution NAC-DGERCGC22-00000046 (the Resolution) concerning the reporting of information on final (ultimate) beneficiaries of legal entities and trusts. For this purpose, final beneficiaries of legal entities are defined by the Resolution as one of the following:
- Any natural person who, directly or indirectly and through any form of acquisition, owns at least 10% of the capital, voting rights, or rights to profits, dividends, etc. of the…