Ecuador Updates Tax Havens List with Addition of Hong Kong and Certain Regimes in Costa Rica, the Netherlands, New Zealand, and the UK

The Ecuador Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC17-00000433 on 17 August 2017, which amends the country's list of tax havens and preferential tax regimes issued in 2015. Changes include:

• The addition of Hong Kong; and
• The addition of the following country-specific regimes:
  • With regard to Costa Rica, private company regimes, where a company is created under Costa Rican law but not registered with the Costa Rican tax administration;
  • With regard to the Netherlands, t…