Ecuador's Internal Revenue Service (SRI) has published Resolution No. NAC-DGERCGC23-00000018 of 27 June 2023, which amends Resolution No NAC-DGERCGC14-00787 of 2 October 2014 in relation to withholding tax on domestic payments for professional services. In particular, Resolution No. NAC-DGERCGC23-00000018 provides that payments or credits to account made to companies resident in Ecuador for the provision of professional services are subject to withholding at a rate of 2.75%. The Resolution e…