The Ecuador Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC16-00000440, which sets out new conditions for the determination of whether a foreign jurisdiction is considered a tax haven. Under the new rules, a jurisdiction will be considered a tax haven if its tax regime meets at least two of the following conditions:
- It is expressly or tacitly established that the economic activity under the regime does not require a substantial development within the jurisdiction (does n…