The Ecuador Internal Revenue Service (SRI) has published Resolution NAC-DGERCGC19-00000017 of 17 April 2019, which amends the rules for determining adjustment factors applied in presumptive tax assessments.
The resolution provides that the profitably index of a taxpayer is determined by dividing the taxpayer's taxable profit for each economic activity by the taxable income for each activity. Where the presumptive estimation coefficient for the year ({News-2019-02-12/A/5-previous coverage})…