Ecuador's Internal Revenue Service (SRI) has announced the introduction of a new Dividend Annex (ADI Annex) form, which is effective as of the fiscal year 2020. One of the main changes is the simplification of the calculation for the withholding of income tax on the distribution of dividends. The taxable income is equal to 40% of the dividend actually distributed, with the company distributing the dividend to act as the tax withholding agent, applying a rate of up to 25% on said taxed income…