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Ecuador Publishes Law Containing Package of Relief Measures

|Approved Changes|Ecuador
Ecuador

Ecuador published the Organic Law for Financial Relief and Economic Strengthening of Generations in Ecuador on 9 December 2024. Some of the main measures include:

  • An income tax credit for companies that maintain or expand their workforce from October to December 2024 that is equal to a percentage of the social security contributions made during that period as follows, depending on the size and gross receipts of the company:
    • Large companies - 5% to 15%
    • Medium companies - 20% to 30%
    • Small and…

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