The Ecuador Internal Revenue Service (SRI) has issued Resolutions NAC-DGERCGC19-00000015 and NAC-DGERCGC19-00000016 of 5 April 2019 regarding the refund of value added tax (VAT) and remittance tax (ISD) for exporters in connection with the law to promote production, investment, and employment.
With respect to VAT, it is provided that exporters are allowed to request a refund on a monthly basis in one of four ways:
- A provisional automatic refund based on information recorded by the SRI, i…