On 28 November 2014, the Ecuadorian Government submitted a draft law for the regulation of tax stability contracts. The law would primarily apply to large-scale mining investments of at least USD 100 million, but could apply to other sectors upon request.
Companies with stability contracts would benefit from a fixed 22% income tax rate when the investment is in metal mining exploitation, and a 25% income tax rate for other sectors. Fixed rates would also be provided for other direct and indi…