On 21 January 2016, Ecuador published the coefficients for presumptive tax assessments for 2016 in the Official Gazette. The coefficients are used in a presumptive tax assessment when a tax return has not been filed, the return or supporting documentation are incomplete, or the taxpayer fails to cooperate with the tax administration during a direct assessment. The coefficients for 2016, which vary by industry/activity, are as follows:
- 0.0268 to 0.65939 on total revenue;
- 0.0275 to 1.4623 on …