On 11 January 2024, Ecuador published the Law on Energy Competitiveness in the Official Gazette. Among other things, the law provides the following tax measures:
- An additional 100% tax deduction for depreciation and amortization expenses incurred in the acquisition of machinery, equipment, and technologies used to implement distribution systems for non-conventional renewable energy for self-supply and for reduced emissions;
- A new tax deduction for expenses incurred on the construction of ne…