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Ecuador's National Assembly Considering Draft Law Including New Rules for Taxation of Dividends and Undistributed Profits

|Proposed Changes|Ecuador
Ecuador

The Draft Organic Law for the Control of Irregular Capital Flows has been introduced in Ecuador's National Assembly, which establishes a legal framework for the prevention, detection, and control of irregular capital flows that may undermine financial transparency or facilitate tax evasion. With respect to taxation, one of the main measures of the draft law is the replacement of the rules on the taxation of dividend/profit distributions by resident companies and permanent establishments. Key…

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