Ecuador's tax administration has published the individual income tax brackets for 2016. The brackets and rates are as follows:
- up to USD 11,171 - 0%
- over USD 11,171 up to 14,240 - 5%
- over USD 14,240 up to 17,800 - 10%
- over USD 17,800 up to 21,370 - 12%
- over USD 21,370 up to 42,740 - 15%
- over USD 42,740 up to 64,090 - 20%
- over USD 64,090 up to 85,470 - 25%
- over USD 85,470 up to 113,940 - 30%
- over USD 113,940 - 35%
The number of brackets and rates are unchanged, while the thresholds for each…