Ecuador's Internal Revenue Service (SRI) has issued Circular NAC-DGECCGC25-00000002 of 21 January 2025, which provides new guidelines on the identification of tax havens, preferential tax regimes, or jurisdictions with low taxation (together, tax havens). The identification of tax havens is important in relation to certain tax rules, including an increased corporate tax rate in certain cases where a direct or indirect beneficial owner is resident in a tax haven, as well as the treatment of t…