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Ecuador's New Reporting Requirement Consolidates Separate Reporting of Final Beneficiaries and Corporate Composition

|Approved Changes|Ecuador
Ecuador

Ecuador's Internal Revenue Service (SRI) has issued Resolution NAC-DGERCGC24-00000033, which establishes the content, conditions, deadlines, and exceptions for the Report of Final Beneficiaries and Corporate Composition (Reporte de Beneficiarios Finales y de Composición Societaria - REBEFICS). The resolution applies to all Ecuadorian companies, as well as branches and permanent establishments of foreign companies and permanent establishments. The resolution also applies to trusts, fiduciary …

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